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November 11, 2022
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With a subsidy of RD$566 million, fuel prices remain one more week

Con subsidio de RD$566 millones, combustibles se mantienen precios

Press Release – The Ministry of Industry, Commerce and Mipymes (MICM), reported this Friday that the government has arranged once again to maintain the subsidy to all fuels for which they have allocated RD$566 million for the week of November 12 to 18.

As of Wednesday, November 9, the international price of WTI averaged US$89.46, an increase of 1.2% in relation to the average of the previous week, so an accumulated increase of 23.1% is maintained only in this year 2022, he explained. the MICM.

He added that the key issues that continue to have a recurring impact are: Price increases due to supply concerns after the United States reports better economic growth in the third quarter, the war in Ukraine, already with a little more than 8 and a half months of hostility, which It has meant that gasoline and diesel oil will mainly reach historical price levels in this year 2022, and the case of crude oil to levels only seen in 2008.

He also recalled that we are approaching the winter months, and therefore consumption in Europe and the United States will be higher, with which it is estimated that prices could increase.

For the week of November 12 to 18, 2022, the Ministry of Industry, Commerce and MiPymes provides that fuels be marketed at the following prices:

  • Premium gasoline will be sold at 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$268.91 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.

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