For the week from May 21 to May 27, 2022, the Ministry of Industry, Commerce and MiPymes provides that fuels be marketed at the following prices:
- Premium Gasoline will be sold for RD$293.60 per gallon, maintaining its price.
- Regular Gasoline RD$274.50 per gallon maintains its price.
- Regular Diesel RD$221.60 per gallon maintains its price.
- Optimum Diesel RD$241.10 per gallon maintains its price.
- Avtur RD$298.91 per gallon maintains its price.
- Kerosene RD$338.10 per gallon maintains its price.
- Fuel Oil #6 RD$192.11 per gallon maintains its price.
- Fuel Oil 1%S RD$211.77 per gallon maintains its price.
- Liquefied Petroleum Gas (LPG) RD$147.60 per gallon maintains its price.
- Natural Gas RD$28.97 per m3 maintains its price.
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.
The issues that affect the local market have not changed, the conflict in Ukraine has become uncertain and long lasting; Along with the humanitarian cost, the economic component reaches our country, in response to 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.
The average weekly exchange rate is RD$55.31 according to the daily publications of the Central Bank.
