NewsWhore
05-24-2007, 03:11 PM
The PRD has submitted to the Chamber of Deputies a plan aimed at reducing the price of gasoline by 25% and 35%. Orlando Jorge Mera, secretary general of the PRD explained that the plan seeks to reduce prices according to cost of importing fuel. He continued by saying that the project would protect the economy. Although no further details were forthcoming, the project aims to reduce the cost of premium gasoline by 35%, 30% for diesel fuel and 25% for regular gasoline. Dominicans would surely welcome any reduction in fuel prices that have been climbing steadily for weeks.
Hoy writes that gasoline prices, per gallon, in the DR are higher than any country in Central America. Hoy explains that premium gasoline costs RD$160.80 in the DR, while in Nicaragua it costs the equivalent of RD$126.30, in Costa Rica RD$125.01 and in Panama RD$109.23. Regular gasoline in the DR costs RD$139.40 per gallon while it costs 128.56 in Costa Rica 120.18 in Nicaragua and 111.48 in Guatemala. Meanwhile diesel fuel in the DR costs RD$107.60, per gallon, while prices in Nicaragua are 94.73, in Honduras prices are 93.80 and 89.57 in El Salvador.
The increased price of fuel is a detriment to the country's competitiveness. Economist Hector Giuliani Cury said that fuel import tariffs, currently at 72% and 67% should be reduced to 60% as long as a barrel of crude oil costs more than US$60.
More... (http://www.dr1.com/index.html#8)
Hoy writes that gasoline prices, per gallon, in the DR are higher than any country in Central America. Hoy explains that premium gasoline costs RD$160.80 in the DR, while in Nicaragua it costs the equivalent of RD$126.30, in Costa Rica RD$125.01 and in Panama RD$109.23. Regular gasoline in the DR costs RD$139.40 per gallon while it costs 128.56 in Costa Rica 120.18 in Nicaragua and 111.48 in Guatemala. Meanwhile diesel fuel in the DR costs RD$107.60, per gallon, while prices in Nicaragua are 94.73, in Honduras prices are 93.80 and 89.57 in El Salvador.
The increased price of fuel is a detriment to the country's competitiveness. Economist Hector Giuliani Cury said that fuel import tariffs, currently at 72% and 67% should be reduced to 60% as long as a barrel of crude oil costs more than US$60.
More... (http://www.dr1.com/index.html#8)