The Dominican government announced measures to address the economic crisis that has worsened due to the war between Russia and Ukraine. One of the topics he took Abinader as the central axis was the fuels. To mitigate the impact, it was once again proposed to subsidize them with an initial duration of four months, assuming a permanent “minimum fiscal sacrifice” of at least between RD$600 and RD$1,000 million pesos per week.
During that time, Abinader specified, fuel prices will remain unchanged. But there are conditions: «with the parameter that as long as the price of the West Texas Index (WTI) is above US$85 dollars per barrel and below US$115 dollars, the Government will maintain the internal prices of hydrocarbons unchanged at the level of March 4, 2022”, announced the head of state in a speech to the nation on Monday.
If said margin is met and based on the values of the aforementioned date, as the nation’s president said, the fuel prices would:
Premium gasoline will be sold at RD$293.60 per gallon.
Regular gasoline RD$274.50 per gallon.
Regular diesel RD$221.60 per gallon.
Optimum diesel RD$241.10 per gallon
Avtur RD$209.68 per gallon.
Kerosene RD$238.30 per gallon.
Fuel Oil #6 RD$164.89 per gallon.
Fuel Oil 1%S RD$187.04 per gallon.
Liquefied Petroleum Gas (LPG) RD$147.60 per gallon.
Natural GasRD$28.97.
“Any price movement above US$115 per barrel will be transferred to domestic prices, without the inclusion of the ad-valorem tax in their calculation. With this measure, which would have an initial duration of 4 months, the Government would continue to assume a permanent minimum fiscal sacrifice of at least between RD$600 and RD$1,000 million pesos per week, which would represent approximately between RD$2,400 and RD$4,000 million pesos per month. or, what is the same, between RD$9,600 and RD$16,000 million pesos during its 4 months of application”, detailed Abinader in his speech, with which he also announced 9 other measures against the world economic panorama.
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The other measures and subsidies
Abinader announced on Monday the implementation of 10 measures to deal with the economic crisis generated in the country by the military confrontation between Russia and Ukraine, which include urgent shipment to the National Congress of a bill that will reduce to 0% the duty applied to products of the basic basket.
This measure proposed by the president would be applied provisionally. for 6 months, and it would impact products such as refined oil, butter and margarine, powdered milk, edible fats and canned goods.
Also, chicken, garlic, pasta, beans, flour, bread and pork and beef.
These measures were announced by the head of state during a message to the entire country that was broadcast through various media, including radio and television channels, as well as the social networks of the Presidency.
“This is the moment to propose solutions, to assume sacrifices and, above all, to continue protecting the most vulnerable, who are the ones who suffer the most from inflationary processes such as the one that today affects the world economy and consequently the Dominican Republic” said the president.
