NewsWhore
01-30-2007, 04:00 PM
Taxes make up many times more than the price of gasoline including transportation and distribution, writes Diario Libre. This is after the government's latest fiscal reform that added an additional 16% to the taxes already established under the Hydrocarbons Law 112-00. Diario Libre says that the import parity cost of premium gasoline was RD$53.79 per gallon this week but the taxes paid on that gasoline amounted to RD$54.20. The import parity cost of regular gasoline for this week was RD$51.65 while the taxes levied were RD$48.60. Diesel fuel arrives in the country at a cost of RD$55.56 and is taxed RD$25.84 per gallon. Profit margins gained by the wholesalers and the gasoline retailers are added on.
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