NewsWhore
10-12-2009, 03:50 PM
The fuel-price roller coaster is on the way up once again as the Ministry of Industry and Commerce announced price increases of as much as RD$4.40 per gallon. Premium gasoline goes up RD$4.00 to RD$149.90, regular goes to RD$139.90, a RD$4.40 increase. Diesel fuel went up to RD$119.40 for regular and RD$124.40 for premium, RD$2.70 increases for each. Even LPG was increased by RD$0.43 a gallon, now selling for RD$67.29.
According to the ministry, international prices experienced significant increases over the last week, pushed by better than expected economic news and a weaker dollar. Lower than expected unemployment numbers in the United States, an increase in raw material costs and Alcoa's return to positive earnings all helped to push shares and the prices of oil and derivatives. Alcoa reported surprising earnings on Wednesday and retailers reported sales increases for September, giving rise to improved expectations for recovery.
More... (http://www.dr1.com/index.html#10)
According to the ministry, international prices experienced significant increases over the last week, pushed by better than expected economic news and a weaker dollar. Lower than expected unemployment numbers in the United States, an increase in raw material costs and Alcoa's return to positive earnings all helped to push shares and the prices of oil and derivatives. Alcoa reported surprising earnings on Wednesday and retailers reported sales increases for September, giving rise to improved expectations for recovery.
More... (http://www.dr1.com/index.html#10)