NewsWhore
03-11-2011, 12:30 PM
On 28 March 2008 when a barrel of oil cost US$105.59, and the exchange rate was at US$34.07, regular gasoline sold for RD$68.50, reports Listin Diario. Journalist Jhonatan Liriano writes that three years later, when a barrel of Texas crude costs US$104.38, the exchange rate is US$37.88 regular gasoline costs RD$185.20. He points out this is a RD$116.7 price difference (170.3%), despite the exchange difference being only 0.11%.
Liriano says, nevertheless that 2008 being a presidential election year, the Fernandez government did not pass on the rising cost of petroleum to consumers.
Fuel prices in the DR have been climbing over the past five weeks.
Listin Diario reports that according to the DGII 2,734,740 motor vehicles were registered in 2010. This includes 1,352,000 motorcycles, 661,747 cars and 252,881 "jeepetas" or luxury SUVs. 68.1% of the vehicles are located in the greater Santo Domingo area and Santiago de los Caballeros, the two biggest cities.
More... (http://www.dr1.com/index.html#3)
Liriano says, nevertheless that 2008 being a presidential election year, the Fernandez government did not pass on the rising cost of petroleum to consumers.
Fuel prices in the DR have been climbing over the past five weeks.
Listin Diario reports that according to the DGII 2,734,740 motor vehicles were registered in 2010. This includes 1,352,000 motorcycles, 661,747 cars and 252,881 "jeepetas" or luxury SUVs. 68.1% of the vehicles are located in the greater Santo Domingo area and Santiago de los Caballeros, the two biggest cities.
More... (http://www.dr1.com/index.html#3)