The Ministry of Industry, Commerce and Mipymes (MICM) reported yesterday increases in the gallon of liquefied petroleum gas (LPG) of RD $ 5.00, that of regular gasoline in RD $ 3.50 and in regular diesel in RD $ 4.50.
Likewise, for the week of November 13 to 19, it was decided to keep the prices of the gallon of premium gasoline, optimal diesel and natural gas frozen. With the decision to assume a part of the increases corresponding to some hydrocarbons, the Government assumes a debt with importing companies of approximately RD $ 421.9 million, this week alone, protected by Decree 625-11.
Once the increase is made, a gallon of liquefied petroleum gas (LPG) will be sold at RD $ 139.10, that of regular gasoline at RD $ 256.30 and that of regular diesel at RD $ 196.40.
The MICM reported that, even with the increase provided, the Government again assumes significant increases to avoid greater increases, which, if the economic sacrifice is not assumed, would be RD $ 30.60, in the case of LPG; RD $ 8.98 in regular gasoline; RD $ 25.95 for regular diesel and RD $ 12.43 for optimal diesel.
The Vice Minister of Internal Trade of the MICM, Ramón Pérez Fermín, explained that oil maintains high price levels, similar to those of the last seven years (October 2014).
He specified that, as of Wednesday, November 10, 2021, international prices for WTI crude were still trading above US $ 80.00 a barrel, establishing an average for the week at US $ 81.50.
“In view of this complex scenario, this week there are increases in some fuels, but at the same time the Government assumes with transparency a large part of the increases to prevent it from compromising too much the pocket of the Dominicans,” said Pérez Fermín.
