Government taxes much higher in DR than Central America
An analysis by the economic think tank, Regional Center for Sustainable Economic Strategies (CREES) studied fuel prices in the Dominican Republic compared to those in Central America. The results indicate that Dominicans pay much higher fuel taxes than Central American neighbors.
In the case of regular gasoline, Dominicans pay US$1.74 more, or 72% of the average in Central America and three times more than in Panama. On average, in Central America fuel taxes are US$1.01 per galon, with Panama showing the lowest taxes at US$0.60 per gallon.
CREES highlights that in Central America taxes are 38.4% of the price of regular gasoline, compared to 61.5% in the Dominican Republic.
Source: DR1, Acento
June 26, 2015
Category: DR News |