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Ministry Announces Revised Prices for Liquefied Petroleum Gas (LPG)

In a move aimed at ensuring fair pricing and accessibility, the Supplies Control Unit (SCU) within the Ministry of Agriculture, Food Security, and Enterprise has unveiled new controlled prices for Liquefied Petroleum Gas (LPG), set to take effect from Wednesday, May 8th, 2024.

The revised pricing structure now encompasses wholesale and retail sales by volume, applicable across urban and rural areas alike. This adjustment marks a step towards standardizing LPG costs across various regions.

Under the updated pricing scheme, Belizeans can anticipate a decrease of BZ$0.13 per gallon for the current shipment. This reduction is primarily attributed to a decline in the acquisition cost of both propane and butane, reflecting changes in market.

It's worth noting that the established prices for imported LPG adhere to the Belize National Standard Specification for Liquefied Petroleum Gas (LPG) BZS 21:2012, which requires a composition ratio of 70:30 (Propane: Butane). This adherence underscores the commitment to maintaining quality and safety standards within the industry.

The announcement of these adjusted prices signals a proactive approach by the Ministry to ensure transparency and affordability within the LPG market, ultimately benefiting consumers across Belize.

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