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Santo Domingo.- Local fears that fuel prices would go through the ceiling as a result of the record international market price of US$90 per barrel came true last night when the Ministry of Industry and Commerce raised the price of premium gas by RD$8.60 per gallon and RD$7.90 per gallon in the case of regular gasoline. Diesel is up by RD$7.30 and LPG (propane) by 56 cents.

As of today a gallon of premium gasoline sells for RD$162.80, regular RD$150.70 and diesel RD$127.80 (regular) RD$131.50 for premium. Subsidized LPG for domestic and transport use costs RD$59.84 while non-subsidized now costs RD$81.60 a gallon.

Meanwhile, the Industry and Commerce Ministry and the National Energy Commission announced that the meeting to discuss fuel saving measures has been postponed until Monday.

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COMMENTS
6 comment(s)
Written by: Karl, 20 Oct 2007 8:53 AM
From: NY
The DR has the answer,

sugar cane.
Written by: Billy H. Adams, 20 Oct 2007 11:33 AM
From: Santiago, Santiago
Why must the DR pay the US$90.00 per barrel for oil when that same oil is available from Venezuel for only US$50.00 per barrel as per the agreement with Chavez?
Was that agreement just for political reasons or was it for real?
If the Refinery isn't buying the oil it needs from Venezuela then WHY NOT???
Something smells "fishy" to me in this regard.
Written by: JD, 21 Oct 2007 3:23 PM
From: Washington, DC
Did the RD have equal time to planlike Brazil? Why did the RD Gov waste so much time & not "diversify" the based of their energy supply?

This issue is NOT difficult to manage via a 10 year plan by minimize old trucks & buses for transport, shift to a National rail system to reduce road congestion, pass laws to raise taxes 1000% on SUV gas guzzlers, import cars using biofuels, biodiesel, E85, natural gas etc. Implement daylight savings & burn trash to produce electricity for competitiveness!
Written by: mike l, 25 Oct 2007 2:31 PM
From: pop
higher prices will affect the local markets, but not gasoline and diesel.also, jd is on target with his observations.observers of the dominican society will always make the common comment that there is a lack of foresight and long term planning. people only react to disaster, but do not plan to avert it. lastly, regarding the metro as the solution to traffic congestion; i would like to know if the government thought about car pooling, restricting low occupancy vehicles from the main arteries
Written by: mike l, 25 Oct 2007 2:35 PM
From: pop
between certain hours, say from 7am to 10am, then from 3pm till 7pm, bus-only lanes etc. every large metropolis has traffic congestion problems, but i fail to see how the metro can solve anything unless car owners are willing to leave their cars at home and ride the darned thing. for those of you who are wondering how i managed to wander off into the metro thing, the aforementioned methodologies save fuel also.
Written by: mike l, 25 Oct 2007 2:55 PM
From: pop
ri ght on, billy. i really am mystified by the pronouncements by the government regarding the effects of the crude oil price increases. somebody out there please correct me if i am wrong, but i always thought that there is an accord between the dr and venezuela for the $50.00 per barrel purchase price, and a moratorium on the debt repayment. if that is indeed the case, there are no effects that are directly crude oil related i understand that prices of imports from countries that buy at
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