The average price of gasoline/diesel around the world is 7.70/6.92 Belize Dollars per gallon
Gasoline prices, Octane-95/Diesel 9-September-2020: However, there is substantial difference in these prices among countries. As a general rule, richer countries have higher prices while poorer countries and the countries that produce and export oil have significantly lower prices. The differences in prices across countries are due to the various taxes and subsidies for gasoline. All countries have access to the same petroleum prices of international markets but then decide to impose different taxes. As a result, the retail price of gasoline/diesel is different. (https://www.globalpetrolprices.com/gasoline_prices/)
*are updated weekly. The data for the remaining countries are updated monthly.
Ed. Note: The UDP has virtually left office and as one can see in the chart really ALL the countries in our region have lower gasoline(better octane fuel) and lower diesel prices than Belize. Even after their promises of lower fuel prices and even an Oil Refinery, the UDP government continues their senseless policy of taxing anything that is being consumed even fuel.
The UDP collects fuel taxes which causes higher product prices which yield them GST bonanzas. This form of taxation kills Belizean entrepreneurship and dampens consumer spending especially now in the times of the coronavirus pandemic.
The UDP in now in FIVE consecutive quarters of recession, they wonder why? Their roughshod infrastructure projects benefit only Imer and the UDP appetite for cronyism. The coronavirus has been here only for two quarters.
Belize cannot be over taxed into recovery. This results in a citizenship that suffers.
Only the PUP has the oomph needed to take Belize forward regardless of the UDP’s irresponsible borrow, borrow, Barrow.
Barrow’s view is that ONLY Barrow can rule. Yes, only Dean Barrow can rule senselessly.
(Price per Gallon in Belize Dollars)
|Trinidad & Tobago||6.47||3.84|
Belize’s regular gasoline is 8.89