By Breaking Belize News Staff (HP): Prime Minister John Briceño has announced a series of measures aimed at easing the burden on Belizeans following a sharp increase in fuel prices.
In a 12-minute national statement released on Monday, the prime minister addressed the recent rise in diesel prices, which increased by $1.35 per gallon at midnight on Friday. He clarified that the government has not increased fuel taxes and is instead absorbing a portion of the cost.
Briceño explained that excise taxes on regular gasoline have been reduced by 68 cents, while diesel taxes have been cut by $1.55. These reductions amount to approximately $4.7 million per month, with projections reaching $60 million for the fiscal year.
Despite these interventions, the prime minister warned that continued increases in global fuel acquisition costs may require further adjustments by Cabinet.
The post Briceño announces tax cuts on gasoline and diesel appeared first on Belize News and Opinion on www.breakingbelizenews.com.
By Breaking Belize News Staff (HP): Prime Minister John Briceño has announced a series of measures aimed at easing the burden on Belizeans following a sharp increase in fuel prices. In a 12-minute national statement released on Monday, the prime minister addressed the recent rise in diesel prices, which increased by $1.35 per gallon at
The post Briceño announces tax cuts on gasoline and diesel appeared first on Belize News and Opinion on www.breakingbelizenews.com.
