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March 13, 2022
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The Government freezes the price of all fuels

El Gobierno congela precio de todos los combustibles

The Ministry of Industry, Commerce and Mipymes (MICM) maintains without variation the price of all fuelsfor the week of the 12th to the 18th of this month.

That is why the price of premium gasoline will continue to be marketed at RD$293.60 each gallon and the regular one at RD$274.50.

Similarly, the gallon of optimal diesel maintains its price of RD$241.10 and regular diesel will continue at RD$221.60.

The sale to the public of the gallon of Liquefied Petroleum Gas (LPG)) will continue at RD$147.60 and natural gas continues at RD$28.97 per cubic meter.

According to the MICM resolution, to avoid increases in the price of hydrocarbonsthe Government will allocate RD$1,354 million in subsidy for next week.

The deputy minister of internal trade, Ramon Perez Ferminsaid that the increases ranged between 30 and almost 100 pesos, but that thanks to the state subsidy they will not be transferred to consumers.

Petroleum

ANDhe price of Texas intermediate oil (WTI) closed with a drop of 2.46% and stood at 106.02 dollars a barrel despite the significant rise with which it opened the day, a pronounced variation due to the volatility that has taken over the markets since the invasion of Ukraine by Russian forces.

According to data at the end of operations in the New York Mercantile Exchange (Nymex), WTI futures contracts for April delivery were down $2.68 from the previous close. This before the global increase in fuel prices.

The US reference barrel continues like this with a week of great volatility in which it has passed the peak of 130 dollars registered on Sundaya maximum not seen since summer 2008down to $103.6 at its lowest point recorded during trading on Wednesday.

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