Spanish
The price of West Texas Intermediate (WTI) crude oil, the benchmark price for the Dominican economy, has been below the price projected for the elaboration of the 2025 General State Budget, something positive for the Government, as it means fewer dollars the Government will have to find for the payment of the oil bill, fewer subsidies for fuels and fewer dollars for the electricity sector.
The average price that the Government calculated the oil barrel would have during the year was US$81.3, however, so far this year it has been below that projection.
In June, the WTI barrel averaged about US$68.71, that is, US$12.59 less than projected in the budget, and in July at US$68.16 (US$13.14 less).
The month of this year with the highest average price was January, when the barrel was trading at US$75.74, about US$5.56 less than projected.
In February at US$71.53 (US$9.77 less), in March at US$68.24 (US$13.06 less), in April at US$63.54 (US$17.76 less), in May at US$62.17 (US$19.13 less).
In the last twelve months, the price of a barrel of West Texas Intermediate oil has fallen by 16.67%.
