NewsWhore
05-16-2011, 02:40 PM
Don't buy gasoline today, is the push for a ban on petrol purchases to send a message to local authorities about the consistent rises in petrol prices. The Toy Jarto (I've Had Enough) campaign and the Dominican Anti-Corruption Association (Adocco) have been using social networks to circulate their call to boycott fuel sales on Monday, 16 May. The movements are also asking drivers to display a black ribbon in protest.
Fuel prices are now at RD$221.60 per gallon of premium gasoline, RD$209 regular gasoline, RD$194.90 premium diesel and RD$189.30 regular diesel. Propane costs RD$100 per gallon.
Meanwhile, Minister of Industry & Commerce Manuel Garcia Arevalo said that the current prices of fuel do not reflect the real price it should have. He said the government has absorbed 60% of the increases that should have been applied to the price of fuel. In a press release from the Ministry, Garcia Arevalo said that Hydrocarbon Law 112-00 establishes that the price of fuel set every week is based on the import price, not on the barrel of petroleum price. He says that the internal management and warehouses costs have to be added to this, plus taxes and profit margins of the intermediaries. He said the perception when international petrol barrel prices decline, local prices should decline. He says these are two different markets with different cost components.
More... (http://www.dr1.com/index.html#9)
Fuel prices are now at RD$221.60 per gallon of premium gasoline, RD$209 regular gasoline, RD$194.90 premium diesel and RD$189.30 regular diesel. Propane costs RD$100 per gallon.
Meanwhile, Minister of Industry & Commerce Manuel Garcia Arevalo said that the current prices of fuel do not reflect the real price it should have. He said the government has absorbed 60% of the increases that should have been applied to the price of fuel. In a press release from the Ministry, Garcia Arevalo said that Hydrocarbon Law 112-00 establishes that the price of fuel set every week is based on the import price, not on the barrel of petroleum price. He says that the internal management and warehouses costs have to be added to this, plus taxes and profit margins of the intermediaries. He said the perception when international petrol barrel prices decline, local prices should decline. He says these are two different markets with different cost components.
More... (http://www.dr1.com/index.html#9)