NewsWhore
03-10-2011, 04:10 PM
President Leonel Fernandez has appointed two government commissions to come up with recommendations for measures to be taken in response to the rising price of petroleum.
In its agreement with the International Monetary Fund the government based its calculations on a maximum oil price of US$80 a barrel. The cost has now climbed to above US$106 a barrel and this upward trend is set to continue, spurred by the unrest in the Middle East.
The President met with the Council of Ministers yesterday and the two commissions were set up to discuss the measures that would be adopted by the Council with the private sector. One commission is made up of the ministers of the Presidency, Administrative of the Presidency, Industry & Commerce, Hacienda, Environment, and the Metropolitan Bus Office (OMSA). The other will deal with food issues, and the members are the Minister of Agriculture, and the heads of the Government Mess Hall, Price Stabilization Institute (INESPRE) and the Presidency Social Plan.
Meanwhile, Diario Libre makes the point that for every gallon of premium gasoline sold at RD$195.40, RD$66.47 is tax.
More... (http://www.dr1.com/index.html#1)
In its agreement with the International Monetary Fund the government based its calculations on a maximum oil price of US$80 a barrel. The cost has now climbed to above US$106 a barrel and this upward trend is set to continue, spurred by the unrest in the Middle East.
The President met with the Council of Ministers yesterday and the two commissions were set up to discuss the measures that would be adopted by the Council with the private sector. One commission is made up of the ministers of the Presidency, Administrative of the Presidency, Industry & Commerce, Hacienda, Environment, and the Metropolitan Bus Office (OMSA). The other will deal with food issues, and the members are the Minister of Agriculture, and the heads of the Government Mess Hall, Price Stabilization Institute (INESPRE) and the Presidency Social Plan.
Meanwhile, Diario Libre makes the point that for every gallon of premium gasoline sold at RD$195.40, RD$66.47 is tax.
More... (http://www.dr1.com/index.html#1)