NewsWhore
06-17-2008, 06:20 PM
According to Ignacio Espaillat, president of the National Gasoline Wholesalers Association (ANADEGAS), gas pump sales so far this year are half of what they were in 2006, reflecting consumers feeling the crunch of escalating prices. According to Espaillat, stations that sold 100,000 gallons per month in 2006 are now selling 50,000 gallons of fuel. Espaillat says that there has been a decline of 1.2% per month on average, but recently, the decline has been more pronounced, reaching 5%.
Electricity Superintendent Francisco Mendez said yesterday that the government has to come up with the funds to keep subsidizing 85% of the energy output and that the energy subsidy could total US$1.1 billion by the end of 2008. The government had allocated US$650 million to the subsidy from the National Budget for all of 2008. Speaking on the recent increases in rolling blackouts, Mendez said that the outages are caused by three factors: scheduled maintenance, problems in the system or the amount of power given to a sector depending on how much they pay.
More... (http://www.dr1.com/index.html#3)
Electricity Superintendent Francisco Mendez said yesterday that the government has to come up with the funds to keep subsidizing 85% of the energy output and that the energy subsidy could total US$1.1 billion by the end of 2008. The government had allocated US$650 million to the subsidy from the National Budget for all of 2008. Speaking on the recent increases in rolling blackouts, Mendez said that the outages are caused by three factors: scheduled maintenance, problems in the system or the amount of power given to a sector depending on how much they pay.
More... (http://www.dr1.com/index.html#3)