All fuel prices remain unchanged

Fuel prices in the Dominican Republic will remain unchanged for the week of January 28 to February 23.Precios de los Carburantes Invariables

The Ministry of Industry and Commerce informed that as of this Saturday, Premium gasoline will remain at RD$293.60 per gallon and Regular at RD$274.50.

Regular diesel will remain at RD$221.60 per gallon and Optimum at RD$241.10.

Liquefied petroleum gas (LPG) will remain at RD$147.60 per gallon and natural gas at RD$28.97 per cubic meter.

Kerosene will remain at RD$181.60 per gallon and fuel oil at RD$125.35 per gallon.

Avtur, however, will increase RD$17.90 and will be sold at RD$271.77.

EXPLANATION

Deputy Minister of Domestic Trade, Ramon Perez Fermin, reported that in order to curb the increases, the Government decided with the subsidize fuels with more than RD$760.3 million.

“We reiterate once again, that the government headed by President luis abinader has made efforts never seen before to maintain the stability of the local market, with the objective that citizens continue to have access to hydrocarbons with stable prices, beyond the strong praise in the international market,” assured Perez Fermin in a document sent to ALMOMENTO.NET.

He explained that the closing prices of WTI per barrel this week ranged between US$80.13 as the minimum value and US$81.62 as the highest value quoted at the close.

He added that “the effects of a prolonged and acute crisis have kept the markets in uncertainty, thus reflecting in the prices of refined products such as gasolines and
diesel.

“It is important to highlight that the international price of diesel and gasoline have maintained a significant difference in relation to the price of crude oil since the beginning of the war, which has limited local prices from decreasing at the same rate as crude oil, which traded as high as $130,” he said.

Learn more: FUELS

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