Government allocated RD$183.5 million in subsidies this week to maintain fuel prices

Although the price of a barrel of oil has been falling in recent weeks, the Government allocated 183.5 million pesos to keep the current fuel rates unchanged, as the Ministry of Industry, Commerce and MSMEs reported.

The Deputy Minister of Industry, Commerce, and MSMEs, Ramón Pérez Fermín, in his weekly report on hydrocarbon prices, said that the Government of President Luis Abinader had a subsidy of about RD$183.5 million to continue guaranteeing the well-being of Dominican families.

He said that the government will subsidize Liquefied Petroleum Gas (LPG) for about RD$20.68 and regular diesel for RD$3.68 so as not to transfer the international increases to the citizens.

He also indicated that for the week of November 2 to 8, 2024, the MICM provides premium and regular gasoline, which will be marketed at RD$290.10 and RD$272.50 per gallon, maintaining their price.

Regular and optimal diesel will be sold at RD$221.60 and RD$239.10 per gallon, maintaining their current prices.

However, Avtur and Kerosene registered a slight increase of RD$0.56 and RD$0.70, standing at RD$185.67 and RD$214.50 per gallon, respectively.

Fuel Oil #6 and fuel oil 1%S registered decreases of RD$4.80 and RD$5.80, respectively, with their prices being RD$158.67 and RD$168.04 per gallon, respectively. Liquefied Petroleum Gas (LPG) maintains its price at RD$132.60 per gallon.