Government allocates more than 260 million pesos for fuel subsidies

The Deputy Minister of Domestic Trade, Ramón Pérez Fermín, informed this Friday that the Government continues with its efforts through the extraordinary subsidy, to keep fuel prices stable, so that this week gasoline, diesel and LPG remain unchanged.

He explained that through the extraordinary subsidy provided by the Government of President Luis Abinader, the impact of this international increase is being mitigated on citizens, absorbing a total of DR 263.4 million this week.

“We know that times can be challenging and every peso counts in the economy of our households. International fuel prices have maintained some volatility that directly impacts our market, with WTI rising to DR 84.15 and an accumulated rise of 18.7%, from June to today the Government has decided to maintain the extraordinary subsidies to impact as little as possible to the citizenry,” said the Vice Minister.

For the week of October 14 to 20, 2023, the Ministry of Industry, Commerce and Mipymes provides that fuels will be marketed at the following prices:

Premium gasoline DR 293.10 per gallon maintains its price.
Regular gasoline DR 274.50 per gallon maintains its price.
Regular diesel DR 221.60 per gallon maintains its price.
Optimum diesel DR 239.10 per gallon maintains its price.
Avtur DR 213.66 per DR gallon drops DR 12.41.
Kerosene DR 244.50 per gallon down DR 13.80.
Fuel oil #6 DR 161.20 per gallon down DR 5.22.
Fuel oil 1%S DR 173.90 per gallon low DR 6.44.
Liquefied Petroleum Gas (LPG) DR 132.60 per gallon maintains its price.
Natural Gas DR 43.97 per m3 maintains its price.

The weekly average exchange rate is DR 56.87, taken from the Central Bank’s daily publications.

Source: presidencia.gov.do

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