RD$409 million earmarked to maintain fuel prices

The government will allocate RD$409 million to maintain fuel prices without variation during the week of 18-24 September, informed the Vice Minister of Internal Commerce, Ramón Pérez Fermín.

He indicated that by assuming this payment to the importers, it avoids that consumers would receive an increase of 33 pesos per gallon in LPG; 1.53 in premium gasoline, more than 15 in regular gasoline and more than 13 pesos in regular diesel, due to the international prices of crude oil.

Specialists maintain that among the reasons why crude oil prices in the international market are not easing is the fact that the Organization of Petroleum Producing Countries, in its last monthly meeting, announced that it will continue with the increase in production of some 400 thousand barrels per day each month, until December, which would add 2 million barrels more to the daily production at the end of 2021.

However, the projection is that even more crude will be needed to supply global markets.

During the last week, these prices maintained a quotation above 72 dollars per barrel of WTI, and this Friday the trend was still above 70, with an average of 70.24, higher than last week’s, which was around 69.15 dollars.

These prices cause a higher turnover for non-producing countries such as the Dominican Republic, for whom they are still high.

For the week of September 18 to 24, the Ministry of Industry, Commerce and MiPymes has arranged for fuels to be marketed at the following prices:

Premium Gasoline, at RD$261.80 per gallon.

Regular Gasoline, RD$243.30 per gallon

Regular Gasoil, RD$188.90 per gallon.

Optimum Gasoil, RD$212.20 per gallon.

Avtur, RD$161.90 per gallon.

Kerosene, RD$185.70 per gallon

Fuel Oil #6, RD$136.70

Fuel Oil 1%S, RD$153.62

Liquefied Petroleum Gas (LPG), RD$127.10/gl:

Natural Gas, RD$28.97 per cubic meter.

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