SANTO DOMINGO. – The Ministry of Industry, Commerce and Mipymes (MICM) informed this Friday that, due to pressure from international markets, the Dominican Government will assume a subsidy of RD$145.8 million to mitigate the impact on fuel prices during this week.
According to the MICM, despite this fiscal effort, there will be specific increases in some derivatives, while others will maintain their prices thanks to the state subsidy.
Liquefied Petroleum Gas (LPG): increases RD$4.60 per gallon. The State assumes RD$11.95 of the actual cost.
Regular Diesel: increases RD$3.20 per gallon. The State assumes RD$12.02.
Premium Diesel: increases RD$3.00 per gallon. The State assumes RD$10.96.
The MICM indicated that these adjustments are due to the behavior of the international market, which has experienced volatility in recent weeks due to geopolitical and seasonal factors.
“The economic sacrifice made by the Dominican State is a clear demonstration of its commitment to the stability of domestic prices and the protection of citizens’ purchasing power,” the institution stated in a statement.
The Government reiterated that it will continue to monitor the market to take the necessary measures, in order to avoid disproportionate impacts on the domestic economy, especially in sensitive sectors such as transportation and production.
