Wednesday, March 18, 2026

Carlos Martí sees more fuel price hikes as imminent: “they should have gone up much more”

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Carlos José Martí, executive president of Grupo Martí, sees more increases in fuel prices in the Dominican Republic as imminent in the coming weeks, due to the oil crisis resulting from the war in Iran.

"It is mandatory, the Dominican state cannot hold without increasing the price, where does it get the money to buy fuel," Martí responded about the possibility of more increases in the coming weeks.

He informed that the sector has had conversations with the President of the Republic on the matter, which he considers is very pending and attentive to the issue.

However, he ruled out supply problems, revealing that all fuel importers in the country have large deposits to supply the local market for several weeks.

However, understand that: "the most important thing is supply, but if I understand that they should go up, what's more, gasoline should have gone up much more than it did, it can't handle a subsidy, the price is too high".

"It's not the fault of the Dominican Republic, it's a global issue," the businessman pointed out on the subject.

The businessman offered these statements at an event by Evergo and TotalEnergies, who inaugurated Evergo Connect Santo Domingo, an ultra-fast charging station to recharge electric vehicles in the Dominican capital, without long waits and integrated into the routine.

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