The Minister of Economy, Planning and Development, Miguel Ceara Hattondescribed as positive the decrease in oil prices in international markets that occurred this Tuesday, February 15.
Interviewed by the national press, prior to the signing of a tripartite agreement with the Ministry of Foreign Affairs and the Dominican Municipal Leaguethe economist Ceara Hatton attributed to the withdrawal of Russian troops from the border with Ukraine a decrease equivalent to 2% in prices, which leads to a price of 91 dollars a barrel.
It is, he explained, a very favorable change for all the oil-importing countries in the region, because it reduces the pressure to manage the price of oil. hydrocarbons. In this regard, he expressed that last year the government spent 15 billion pesos to subsidize increases in fuel prices and, so far in 2022, the subsidy is around 1.5 billion pesos.
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He pointed out that the government will continue to support the population with “a battery of options” to mitigate the increases in food, goods and services, as a result of high oil prices, which the president will announce in a timely manner. Louis Abinader.
