The Government granted a subsidy of RD$223.3 million to continue without changes for 53 weeks in a row fuel prices.
With the new charge assumed by the Government since March 3, 2022, it consolidates RD$35,723.3 million and RD$4,176.6 million so far this year.
The Vice Minister of Internal Commerce, Ramón Pérez Fermín, reported that the government of President Luis Abinader will continue to subsidize fuels “as far as possible” to keep the price of fuel for the daily use of citizens stable.
This is precisely what you will do for the week of March 4-10.
“Transparency and accountability have been a banner of this management. For the first time, from the Dominican government, every week we inform the public about the measures that are taken regarding hydrocarbons and their context”, indicated Pérez Fermín.
And he added: “We do it, because our commitment is always to be on the side of the people. The times when the price formation was supplied to the population without explanation, are a thing of the past”. This week the closing of WTI operations per barrel in the markets oscillated between US$75.39 as the minimum value, and US$77.69 as the highest value quoted at the close of each day.
Refined products continue to trade differently from WTI variations, mainly as a result of the war in Ukraine, which has significantly widened the historical gap between the price of crude oil and refined products, such as Diesel and Gasoline.
external look
The price of Texas intermediate oil rose 1.9% yesterday and closed at $79.68 a barrel after a day of speculation about the possible departure of the United Arab Emirates from the OPEC group of producers.
