NewsWhore
07-28-2008, 02:50 PM
Oil prices have dropped around 20% on the world markets but fuel prices are not keeping pace. The Hydrocarbon Law is clear on the subject when it says that domestic prices will follow the prices of the international markets. Over the past 15 days, oil prices have fallen by 20% and local prices have fallen 3%. For example, premium gasoline reached RD$208.80 per gallon when oil reached its highest price. However, after a 20% reduction in the commodity price, the local price fell to just RD$204.10. Other fuels have shown similar small reductions in prices.
More... (http://www.dr1.com/index.html#10)
More... (http://www.dr1.com/index.html#10)