NewsWhore
10-26-2009, 05:40 PM
The Ministry of Industry and Commerce has announced price increases of RD$5.77 for premium gasoline, RD$3.40 for regular gasoline, Avtur and kerosene. The fact that LPG, regular and premium diesel fuel prices stayed at the same level was good news for lots of people. The press release says that there is strong pressure for price increases for most fuels. According to the Industry and Commerce Ministry, the market was encouraged by the weekly reports from the United States Department of Energy on petroleum reserves in the United States, the world's largest consumer of crude oil and pushed by a weakening dollar. Investors took to commodities - oil and grains - as a way of hedging against the weakening dollar.
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More... (http://www.dr1.com/index.html#2)