The Belizean government has announced significant economic measures amid rising fuel costs, with Prime Minister John Briceño revealing a substantial reduction in tax revenue to cushion the impact on citizens. Effective midnight Tuesday, diesel prices will increase by $2.50 per gallon, compounding last week’s ten percent hike in regular and premium fuels.
Prime Minister Briceño disclosed that his administration is forfeiting approximately $60 million in revenue by reducing fuel taxes by $1.25 per gallon on the current shipment. Without this intervention, he stated, the price increase would have exceeded $3.00 per gallon. The Prime Minister emphasized the difficult balance between providing relief and maintaining essential public services, noting that complete tax elimination would create a $200 million budget shortfall affecting teacher salaries, military funding, healthcare, and other critical expenditures.
Simultaneously, Briceño has criticized the Department of Environment for its handling of the Humilde Viajero fuel-tanker incident, accusing the agency of overstepping its authority by offering an administrative settlement before proper review. The Prime Minister has directed the Attorney General to pursue full legal action against all parties involved in the environmental violation.
Opposition Leader Tracy Panton issued a statement condemning the fuel price increase, warning that transportation operators, agricultural producers, tourism companies, and utility providers will face severe operational challenges. She predicted these increased costs would inevitably transfer to Belizean families already struggling with inflation.