[DR1] Montas reveals gas tax shortfall

[NewsWhore]

The Presidential Minister for Technical Affairs (STP), Temistocles Montas, revealed yesterday that this year the government has accumulated a three billion-peso deficit in tax revenue from gasoline and other fuel taxes. Montas attributed this decrease in tax revenue to the conversion of many vehicles to the use of LPG rather than gasoline. Montas said that the government is not contemplating sending new legislation to the Congress or removing the current subsidies "for the time being". Montas told a CDN interviewer that each gallon of gasoline provided RD$36 in taxes for the government, but LPG does not pay any tax. He said that the conversion to LPG is the main factor behind the RD$3.3 billion decrease in fuel tax revenue. Fuel prices in the DR are at record highs. For the current prices, see http://www.seic.gov.do/combust/aviso.htm

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