NewsWhore
12-08-2008, 03:11 PM
Much to the delight of most drivers on the island, fuel prices have gone down once again, making it nine weeks in a row. This week the prices of gasoline, diesel, aviation fuel and propane gas were all reduced, in some cases substantially. Premium gasoline fell by RD$9.30, regular by RD$8.20, regular diesel by 5RD$5.90, and avtur by RD$7.40. Propane went down by RD$2.47 a gallon.
The Ministry of Industry and Commerce (SEIC) reported that "in keeping with the trend of the last eight weeks, the local prices for both types of gasoline, both types of diesel, LPG, avtur and kerosene, will go substantially lower on Saturday 6 December and be in place until Friday 12 December."
The ministry press release said that premium gasoline will cost RD$126.90, regular will cost RD$117.60, regular diesel will cost RD$111.80 and premium diesel will be sold for 117.60. The most important single item is the price of LPG that is used to fuel most of the public transport system. This product will be sold for RD$53.21 a gallon this week.
The Ministry of Industry & Commerce bulletin said that the lower oil prices on the international markets are attributed to a fall in demand for fuel in the United States due to the financial crisis, according to reports from Platts & Opis LPG. This group said that the decrease in the energy market has forced the Organization of Petroleum Exporting Countries (OPEC) to consider another round of cuts in production when they meet on 17 December in Oran, Algeria.
"It is certain that we will cut production again in Oran" said Abdullah al Attiyah, the Qatari Oil Minister during a meeting in Dubai.
The SEIC added that another aspect that contributed to the lower process was the notably stronger dollar. A report from the United States Department of Energy said that petroleum demand was 6.2% lower than a year ago.
More... (http://www.dr1.com/index.html#4)
The Ministry of Industry and Commerce (SEIC) reported that "in keeping with the trend of the last eight weeks, the local prices for both types of gasoline, both types of diesel, LPG, avtur and kerosene, will go substantially lower on Saturday 6 December and be in place until Friday 12 December."
The ministry press release said that premium gasoline will cost RD$126.90, regular will cost RD$117.60, regular diesel will cost RD$111.80 and premium diesel will be sold for 117.60. The most important single item is the price of LPG that is used to fuel most of the public transport system. This product will be sold for RD$53.21 a gallon this week.
The Ministry of Industry & Commerce bulletin said that the lower oil prices on the international markets are attributed to a fall in demand for fuel in the United States due to the financial crisis, according to reports from Platts & Opis LPG. This group said that the decrease in the energy market has forced the Organization of Petroleum Exporting Countries (OPEC) to consider another round of cuts in production when they meet on 17 December in Oran, Algeria.
"It is certain that we will cut production again in Oran" said Abdullah al Attiyah, the Qatari Oil Minister during a meeting in Dubai.
The SEIC added that another aspect that contributed to the lower process was the notably stronger dollar. A report from the United States Department of Energy said that petroleum demand was 6.2% lower than a year ago.
More... (http://www.dr1.com/index.html#4)