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Santo Domingo.- The freezing of fuel prices prior to elections has been a normal practice in the country since 2004, remaining unchanged during the last three weeks prior to the five electoral periods.

Fuel prices haven’t changed since mid March, much longer than during the previous four previous elections, despite the downward trend on crude prices and a stable rate of exchange.

The Industry and Commerce Ministry has kept fuel prices frozen for eighth straight weeks while crude has fallen US$10.35 per barrel since early March, from US$108.84 then to US$98.49 now, and according to the Central Bank, the dollar’s rate inched barely up RD$0.04, from RD$38.97 to RD$39.01.

As a reference the price for premium gasoline has remained unchanged at RD$299.90 per gallon during the extended period.

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COMMENTS
5 comment(s)
Written by: zooma, 8 May 2012 9:22 AM
From: United States

One does not need to consult a Ouija board to figure out why the fuel prices have been stable. The shame on the part of the government is not to lower the prices.
Written by: josean, 8 May 2012 9:58 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016




Don't worry if the PLD wins they will do what they do best “Steal from the Poor to Give to the Rich” via the Only thing they Know how to do (other than STEAL) RAISE the Dominican People's Taxes!


Written by: RobertoJose, 8 May 2012 10:19 AM
From: United States, FREEPORT, Long Island.... ((You're blind to the fact that you're blind))
If I were getting paid $7.68 a gallon when the country I'm trying to emulate is pay the same price for crude as I'm paying, I wouldn't change it either. Someone is making a dollar on every dollar here, very shameful situation.
Written by: RoyStone, 8 May 2012 6:44 PM
From: Australia
You can't have it both ways. The retail price of petrol has been keep constant by the government, and the exchange-rate by the central bank. Movements in the price of crude-oil are therefore irrelevant. "Reality" (euphemism for the sh*t hitting the fan) will return after the elections.
Written by: abc200, 9 May 2012 1:31 PM
From: United Kingdom, Dominican Republic
Crude oil prices are reducing.

S.
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