To keep the price of fuel to the public without increases, the subsidy in 2021 was RD$15.600 million and in 2022 it rose to RD$36.500 million
The Dominican government announced that this year it will continue with the subsidy programs to contain possible variations in the prices of items in the basic basket, fuel and transportation.
In a press conference yesterday, the president Luis Abinader He said that this week the fuel subsidy is RD$291,537,000, on the rise because the prices of diesel and fuel oil are higher because they have become an alternative to natural gas for electricity generation, which is much more expensive. expensive, after the war between Russia and Ukraine.
The minister of Industry, Commerce and Mipymes (MICM), Víctor Bisonó (Ito), He highlighted that in the last four months of 2020, RD$325 million were allocated, in 2021 it was RD$15.6 billion, and in 2022, RD$36.5 billion were invested to keep fuel prices to the public without increases.
Just so as not to increase premium gasoline, in 2022 RD$7.600 million were available, in regular RD$5.700 million, in regular diesel RD$16.500 million and for optimal diesel RD$7.300 million. In the case of LPG it was RD$670 million.
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Apart from these measures, subsidies amounting to RD$937 million have been applied to public passenger transport with the different groups of carriers through the intranet.
And regarding food, Bisonó explained that from February to June 2021, RD$300 million was provided for the flour subsidy for the popular water and sobao bread. Similarly, when observing that between January and March 2022 the international price of wheat and soybeans increased by more than 59%, the ministry allocated RD$1,599 million more throughout the year 2022.
He said that they were able to detect that between January and April 2022 corn in the international market had increased by more than 70%, which is why the Government provided RD$700 million to support the poultry production sector, for the stability of chicken prices.
In addition, he said that together with the associations representing the productive sectors, they will continue with the 0% Rate Law to import sensitive products.
In another order, the President highlighted that they are taking measures so that the construction works of the Government accelerate in the first quarter of the year and they will evaluate some special monetary policy incentive to motivate the purchase of low-cost housing.
