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March 12, 2022
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What is the price of fuel in the DR

What is the price of fuel in the DR

The Ministry of Industry, Commerce and Mipymes (MICM) froze the price of all fuels for the week of March 12 to 18, according to the new resolution of the institution.

In this sense, the price of a gallon of premium gasoline will be sold at RD$293.60 and that of regular gasoline at RD$274.50, both maintaining their cost.

Likewise, the gallon of optimal diesel will be shipped at RD$241.10 and that of regular diesel at RD$221.60, leaving its price unchanged in relation to the week that ends.

Similarly, the price of a gallon of liquefied petroleum gas will be offered to the public at RD$147.60, remaining frozen, and natural gas will be sold at RD$28.97 per cubic meter.

To avoid increases in the price of hydrocarbons, the government will allocate this week RD$1,354 million in subsidy, according to the deputy minister of the MICM, Ramón Pérez Fermín.

On March 7, President Luis Abinader announced in a speech that, as long as the price of the West Texas Index (WTI) is above US$85 per barrel and below US$115, the government will keep domestic oil prices unchanged. hydrocarbons at the level of March 4, 2022, and will assume a subsidy.

The price of WTI opened this Friday almost flat, with a slight drop of 0.28%, to US$105.72 a barrel, and was on the way to closing a week marked by the volatility resulting from the war in Ukraine.

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