NewsWhore
06-23-2008, 04:30 PM
The Ministry of Industry and Commerce froze the price of diesel this past week and only increased the price of regular and premium gasoline by RD$1.30 and RD$2.50 respectively. According to Hoy newspaper, both subsidized and non-subsidized propane went up RD$2.00 per gallon. Diario Libre reports that the real price of diesel fuel should be RD$196.60 for the best diesel and RD$191.80 for 'regular' diesel. That is, if the prices were deregulated or the subsidy removed. LPG or propane would be pegged at RD$106 a gallon, even with the government's RD$17.35 subsidy under deregulation. For the new president of the Association of Gasoline Retailers (ANADEGAS), Juan Ignacio Espaillat, the government subsidies are very important for diesel but they are too high for LPG, which hurts gasoline sales. The Minister of Industry and Commerce, Melanio Paredes, said that the government should have increased the price of propane by RD$20 pesos rather than just RD$2.00, and diesel should have gone up RD$17 pesos.
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