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Major increase in fuel prices to finance Huricane Irma disaster efforts

It would seem that the government was looking to finance Hurricane Irma disaster mitigation efforts through higher taxes on fuel. On Friday, 8 September 2017, the Medina government announced a major increase in the cost of fuel. The argument is that the base on which the prices are pegged, the West Texas Intermediate price per barrel has increased, affected by Hurricane Harvey.

The Ministry of Industry & Commerce (MICM) on Friday, 8 September increased premium and regular gasoline prices by RD$7, making for a RD$12 increase in two weeks.

Passengers are concerned this will mean an increase in public transport fares.
Premium gasoline now costs RD$221.80 the gallon, regular RD$207.70, up RD$7.00 each. Premium diesel goes for RD$169.60 (up RD$5.00) and regular diesel (RD$154.50 per gallon (up RD$2.50).

Propane gas sells for RD$108.80 the gallon, up RD$1.00, while the price of natural gas holds steady at RD$28.97 the cubic meter.

Source: DR1, Listindiario

Sep 12, 2017

Category: DR News |

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Last updated September 20, 2017 at 12:27 AM
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