The Minister of Industry, Commerce and MSMEs, Ito Bisonó, assured this Wednesday that the government continues to adopt measures to prevent the recent rise in international oil prices from directly impacting fuels in the Dominican Republic. “We are following a support policy so that stability is maintained,” he said.
Bisonó explained that the situation is complex due to market volatility and international tensions, such as the sanctions of the United States and the United Kingdom on large Russian oil companies.
In recent days, the price of a barrel of West Texas Intermediate (WTI) oil, used as a reference to calculate local prices, has risen 73.32 dollars last Thursday 78.82 dollars on Monday, which represents an increase close to 8%.
The head of Industry and Commerce indicated that, although the government has budgeted RD$10,000 million, the evolution of international markets is what would determine an increase, since it is an issue “that has a lot of volatility” and that “they are forecasts that cannot be very clear.”
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