San Juan. For the first time in more than four months the price of gas In Puerto Rico, the dollar decreased, placing regular gasoline at 97 cents, the Department of Consumer Affairs (DACO) reported on Tuesday.
The last time peak gasoline prices were reported below the dollar was March 17, 2022, the regulatory agency specified in a press release.
The secretary of the DACO, Ed Rivera, He explained that every gas station that fills up with fuel this Tuesday must have maximum prices at the pump between 0.97 cents and 1.07 dollars per liter for regular gasoline.
The decrease in the dollar occurred after all local wholesalers saw average reductions of 3 cents per liter for gasoline on Monday, in line with those reported by the reference markets, explained the DACO.
DACO, meanwhile, reported that the price of diesel in Puerto Rico fell 4 cents per liter.
For this reason, the cost of diesel will be with maximum prices between 1.12 and 1.22 dollars depending on the brand, said the DACO.
This represents a reduction considerable with respect to the maximum of 1.54 dollars per liter in which this product came to be in mid-June, when it registered historical prices.
Read more: Prices of all fuels remain frozen
However the DACO He explained that the volatility of the fuel market makes it impossible to ensure that the prices reported for this Tuesday are maintained.
However, about a month ago markets of reference have maintained a certain downward trend.
According to reports from the United States Department of Energy, the behavior of the market has been due to a decrease in demand.
For his part, the Treasury Department The federal government attributes it to an increase in supply as a result of the sale of oil from the strategic reserve of the United States and other countries, although other analysts point to fears of a possible recession, the DACO said.
At the end of July, fuel supplies in Puerto Rico it was approximately 20 days for regular gasoline (about 70 million gallons), 33 for premium and 58 for diesel.
