The prices of four fuels will rise again next week

Government provides a subsidy of RD$575.4 million to keep five fuels for domestic use unchanged. (ARCHIVE)
The Deputy Minister of Domestic Trade of the Ministry of Industry, Commerce and MSMEs (MICM), Ramón Pérez Fermín, reported this Friday that the Government provided a subsidy of 575.4 million pesos, only for the week of January 25 to 31, 2025, to keep the prices of five fuels for domestic use unchanged.
According to the press release, the measure aims to mitigate the effects of variations in the international market and avoid a direct transfer to the final consumer.
Pérez Fermín explained that this extraordinary measure responds to the impact of geopolitical tensions and production cuts implemented by OPEC+, which continue to impact the global fuel market.
“Our government continues to monitor minute by minute the trends of the international market and continues to deploy concrete measures, always under the principles of financial sustainability and transparency, to protect the family economy and the productive sectors in the face of this global dynamic,” he said.
For the week of January 25 to 31, 2025, Liquefied Petroleum Gas (LPG) will be subsidized for 32.65 pesos, Regular Diesel for 32.23 pesos, optimal diesel for 31.02 pesos; Regular Gasoline for 14.49 pesos; and Premium Gasoline for 4.22 pesos.
Price Update
For the week of January 25 to 31, 2025, the fuel prices established are:
- Premium gasoline will be sold at 290.10 pesos per gallon; it maintains its price.
- Regular gasoline, 272.50 pesos per gallon, maintains its price.
- Regular diesel, 221.60 pesos per gallon, maintains its price.
- The optimal diesel is 239.10 pesos per gallon; its price remains.
- Avtur, 214.00 pesos per gallon; it rises 4.18 pesos.
- Kerosene, 245.70 pesos per gallon; it rises 4.40 pesos.
- Fuel oil #6, 169.31 pesos per gallon; it rises 1.37 pesos.
- Fuel oil 1%S, 183.89 pesos per gallon; it rises 0.40 pesos.
- LPG, 132.60 pesos per gallon; maintains its price.
- Natural gas, 43.97 pesos per m3, maintains its price.
Not as bad as it could be but hang in there. Give the US 1 year to ramp up their production to pre-Obama times and import from there. That will give Venezuela a shot in the arm to be competitive.