Fuel prices remain unchanged

For the week of August 5 to 11, 2023, the Ministry of Industry, Commerce and MiPymes (MICM) has ordered that fuels will be sold at the following prices:

Premium Gasoline will be sold at DR$293.10 per gallon maintains its price.
Regular Gasoline DR$274.50 per gallon will maintain its price.
Regular Gasoil DR$221.60 per gallon will maintain its price.
Gasoil Óptimo DR$239.10 per gallon maintains its price.
Avtur DR$216.47 per gallon increases DR$15.90.
Kerosene DR$248.10 per gallon maintains its price.
Fuel Oíl #6 DR$153.61 per gallon maintains its price.
Fuel Oíl 1%S DR$173.27 per gallon maintains its price.
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$56.36 from the Central Bank’s daily publications.

Ramon Perez Fermin, deputy minister of Internal Commerce, informed this Friday that the government is once again subsidizing the price of all fuels to avoid transferring the hikes to consumers, with more than 500 million pesos they will avoid hikes of up to DR$36 in regular gasoline and DR$27 in premium.

“Once again we have taken a transcendental measure to protect the economic well-being of all Dominicans. This week, the government of President Luis Abinader will be implementing a new fuel subsidy, with the objective of avoiding the transfer of the latest international price hikes to end consumers,” he said during a live broadcast.

He explained Pérez Fermín that the increase in international prices of oil derivatives is unfavorable news for the PVP in the local market, but assured that Dominicans can be certain that the government is acting accordingly to protect financially and with budgetary responsibility, to the extent possible.

He reiterated that for this week the increases ranged from DR$36.73 to Regular Gasoline, DR$27.01 pesos to Premium gasoline: in addition to DR$37.01 to Optimum Gasoil and DR$35.14 to Regular Gasoil. He added that this will not happen, “thanks to the intervention of the State, since the prices will remain unchanged”.

Source: Hoy.com

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Dominican Republic Live Editor

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