Government maintains prices of almost all fuels unchanged

The  Ministry of Industry, Commerce, and Mipymes (MICM) announced today that for the week of April 23  to 29, the price of almost all fuels would remain unchanged.

The average rate weighted by the  Central Bank of the Dominican Republic  (BanCentral) was RD$55.16. Therefore, this week’s subsidy implies an investment by the State of 1,160 million pesos.

The average price of WTI on Wednesday was US$105.12 per barrel, reducing 6.5% compared to the previous week.

In this sense,  Premium Gasoline will remain at RD$293.60, and  Regular Gasoline will remain at RD$274.50.

Meanwhile,  Regular Gasoil will continue at RD$221.60, and  Optimal Gasoil will continue at RD$241.10 per gallon.

Likewise,  Liquefied Petroleum Gas ( LPG )  remains at RD$147.60 per gallon, and  Natural Gas maintains its price at RD$28.97 per m3.

Fuel Oil will also be priced at RD$192.11 per gallon and  Fuel Oil 1%  at RD$211.77.

Increase

However, for that same week, there will be a variation of up to 12.70 pesos in the price of Kerosene and RD$12.38 in Avtur.

The Avtur will be sold at  RD$276.78 and the  Kerosene at  RD$313.40.

Libyan oil

Oil production in Libya fell to 500,000 barrels per day, from the 1.2 million it produced per day in recent years. The recent closures of wells and ports have caused 50 million a day losses. The Libyan Minister of  Oil and Gas,  Mohamed Aoun, reported today.

This week, political instability reached the oil sector when tribal pressure prevented workers from accessing several terminals. And they were forced to interrupt production to demand the  Government of National Unity (GUN) in Tripoli cede power to the parallel Executive appointed by the  Parliament of Tobruk.

The National Oil Company (NOC ) announced the closure of several oil fields, including the country’s main one, Sharara. In addition to the suspension of exports in three ports, one in the west and two in the eastern part of the country.