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Dominican Republic among countries benefit from cheaper crude

Santo Domingo.- From 2012 to 2014 Colombia, Guatemala, El Salvador, Dominican Republic, Peru, Panama, Costa Rica and Brazil were Latin America´s countries which benefited the most from lower oil prices, according to a report from the Economic Commission for Latin America and the Caribbean (ECLAC).

The study says to a lesser extent Chile, Honduras and Nicaragua also lowered fuel prices, whereas Ecuador, Bolivia, Mexico and Argentina posted no significant decrease.

The study “Fiscal impact of oil price volatility in Latin America and the Caribbean” by Andrés Arroyo Pelaez and Fernando Cossio Muñoz analyzes the impact of the fall in oil prices in the region´s countries.

The Industry and Commerce Ministry website reveals that at the end of December 2012 premium gasoline cost RD$231.10; Regular RD$214.00; regular diesel RD$202.60, and propane gas RD$ 91.53 per gallon.

But from December 19 to 25, 2015, premium gasoline cost RD$182.40; regular RD$164.90; regular diesel RD$124.90; and propane gas RD$80.00.

Source: DT

Jan 6, 2016

Category: DR News |

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Last updated October 22, 2016 at 2:00 PM
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