They have increases of up to 8 pesos in fuel prices in the DR

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SANTO DOMINGO.- Fuel prices will experience increases in the Dominican Republic for the week of 16 to 22 this month.

They range from RD $ 2.90 for propane gas to RD $ 8.00 per gallon for Premium gasoline, according to a resolution by the Ministry of Industry, Commerce and MSMEs.

The price of premium gasoline will be RD $ 177.60 per gallon (it rises RD $ 8.00) and that of the regular RD $ 162.50, with an increase of RD $ 7.90.

Regular diesel fuel stands at RD $ 114.60 per gallon (increases RD $ 5.70); the optimal diesel at RD $ 129.30 (rises $ 5.90) ​​while avtur will sell at $ 86.00 (with an increase of $ 10.00)

A gallon of kerosene will cost $ 108.10, with an increase of $ 10.90; # 6 fuel oil is $ 74.10 per gallon, up from $ 6.90, while 1% fuel oil is at $ 84.80 (rises $ 7.40).

Liquefied petroleum gas (lpg) will be shipped at $ 92.60, increases $ 2.90 per gallon, and natural gas at $ 28.97 per cubic meter, maintains its price.

The average exchange rate is $ 54.86, according to a survey carried out by the central bank.

International markets

To substantiate these new prices, the Ministry of Industry and Commerce indicates that the oil and oil derivatives market is undergoing positive changes in the supply-demand dynamics, but despite being on the way to recovering its equilibrium prices, it remains vulnerable to the problems of instability and uncertainty caused by the pandemic.

For this reason, experts call for caution and point out that the outbreaks in South Korea and some parts of China may be a warning of what happened in western countries if there is a reopening of the economy faster than it should and new containment measures, such as confinements, are back on track, “he adds.

On the other hand, he says, the barrel of the reference WTI has been rising in recent weeks after the unexpected expansion of the reduction in production in some countries of the Organization of Petroleum Exporting Countries (OPEC) and the sum of other countries outside of this group voluntarily to support the stability of energy markets.

“These cuts are additional to those that had already been agreed after the last meeting of the group and analysts point to the importance of this expansion, as it will help reduce the excess supply that the market accumulates since the fall in demand due to the pandemic ”, he points out.

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