NewsWhore
08-25-2010, 04:40 PM
The government has applied two pro-rata-ed quotas of the indexation of inflation on the gasoline taxes. These corrections were for 3.21% and 3.20%. Prices did not climb because the increases in the tax component of gasoline prices were absorbed by the reduction in the price of fuel due to lower oil prices. Only the price of LPG was increased. Other fuel prices dropped. The indexation, or adjustment for inflation on fuels as per Law 112-00 on Hydrocarbons increased taxes by RD$1.52 on premium and by RD$1.34 for regular. Diesel fuel taxes were increased by RD$0.74, or 4.21% for the regular blend.
The Hotel and Restaurant Association (Asonahores) said that the fuel that is undergoing the greatest increase in price is Avtur (Aviation/turbine), where the tax increases went from RD$4.26 to RD$5.16, leading to a 21.12% increase in price.
More... (http://www.dr1.com/index.html#2)
The Hotel and Restaurant Association (Asonahores) said that the fuel that is undergoing the greatest increase in price is Avtur (Aviation/turbine), where the tax increases went from RD$4.26 to RD$5.16, leading to a 21.12% increase in price.
More... (http://www.dr1.com/index.html#2)