The Ministry of Industry, Commerce and Mipymes (MICM) left unchanged the fuel pricefor the week of the 21st to the 27th of this month.
Premium gasoline continues at RD$293.60 per gallon, Regular at RD$274.50; regular diesel at RD$221.60 and optimum at RD$241.10.
Liquefied petroleum gas (LPG) maintains its price of RD$147.60 per gallon and natural gas will be shipped at the same price as last week, which was 28 pesos and 97 cents.
The government announced that it has earmarked RD$1,215 million in subsidies to fuels to curb the increase in prices and thereby mitigate its impact on inflation in the local market.
The deputy minister of internal trade, Ramon Perez Ferminexplained that the price of WTI averaged US$110.56, for a significant increase of 5.0% in relation to the average of the previous week.
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The issues that affect the local market have not changed, the conflict in Ukraine has become uncertain and long lasting; together with the humanitarian cost, the economic component reaches our country, before which the Government is called to act.
He recalled that if he did not intervene or assume the increases, LPG would have increased in price by almost 10 pesos per gallon; Premium Gasoline would have done it practically at 80 pesos per gallon; Regular Gasoline the same, at more than 87 pesos per gallon; Regular Gasoil almost 75 and Optimal for about 80 pesos per gallon.
“Due to the effort, commitment and efficiency of the Government, none of this will materialize. The Government will assume 100% of the increases, at a cost of RD1,215 million, protecting the economy of households and the pockets of Dominicans,” added Pérez.
