Dominican Republic: The Government Allocates More Than 600 Million Pesos In Subsidies For Gasoline, Diesel And LPG

The Ministry of Industry, Commerce and Mipymes (MICM) informed this Friday that in response to the recent increases in crude oil prices worldwide, the government has decided to continue subsidizing gasoline during the week of March 30 to April 5, 2024.

The fuel prices, which will be subsidized during this period, are as follows: regular diesel is 34 pesos per gallon, optimum diesel is more than 25 pesos per gallon, regular gasoline is 32 pesos per gallon and premium gasoline is almost 30 pesos per gallon, while LPG is (liquefied petroleum gas) will be 11 pesos per gallon.

This initiative is carried out to avoid transferring the impact of international increases in fuel prices to Dominican consumers and represents a significant effort on the part of the State, with an estimated fiscal sacrifice of approximately RD$632.2 million for the aforementioned week.

For the week of March 30 to April 5, 2024, the Ministry of Industry, Commerce, and MiPymes has decided that fuels will be marketed at the following prices:

Premium Gasoline will be sold at RD$290.10 per gallon maintaining its price.

Regular Gasoline RD$272.50 per gallon maintains its price.

Regular Gasoil RD$221.60 per gallon maintains its price.

Gasoil Óptimo RD$239.10 per gallon maintains its price.

Avtur RD$211.76 per gallon down RD$5.64.

Kerosene RD$243.00 per gallon down RD$6.40.

Fuel Oil #6 RD$163.10 per gallon down RD$3.11.

Fuel Oíl 1%S RD$181.09 per gallon down RD$1.44.

Liquefied Petroleum Gas (LPG) RD$132.60 per gallon maintains its price.

Natural Gas RD$43.97 per m3 maintains its price.

The weekly average exchange rate is RD$59.22 according to the Central Bank’s daily publications. (https://dominicantoday.com/dr/economy/2024/03/31/the-government-allocates-more-than-600-million-pesos-in-subsidies-for-gasoline-diesel-and-lpg/)