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Press director notes the State pays the subsidy on liquefied petroleum gas

Santo Domingo.- Government spokesman Rafael Núñez yesterday warned the transport unions that if they raise fares they could lose the subsidy received through liquefied petroleum gas (LPG).

He said before adopting any measure aimed at raising transport price they should continue the dialogue began with Industry and Commerce minister Melanio Paredes.

“We are subsidizing most of the urban transport and if they are conscientious, they must know that an increase in the fare could mean the removal of that subsidy," Núñez told reporters in the National Palace.

The subsidy -which has so far consumed a monthly average of nearly RD$1 billion of the RD$6 billion budgeted for this year - has kept the price of LPG at RD$59.95 per gallon since September.

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COMMENTS
2 comment(s)
Written by: gouletcolonial This user is banned, 27 May 2008 10:36 AM
From: Cuba, it is a secret the censors are looking for me
India is doing away with its fuel subsidy and China will also after the Olympics ...this and many other factors like the general slowdown of the world economy and speculative factors ie. hedge funds and commodity speculators...........This fuel bubble will crash and soon
Written by: Pedro, 27 May 2008 10:59 AM
From: Dominican Republic
Subsidies to private sector will ALWAYS spell trouble in the long run as it distorts the markets. Find a way to an orderly and planned scrapping of the subsidies and put the money (and possibly more) into OMSA and the Metro. That's for Santo Domingo at least. Visited recently Washington DC and I studied their Metro a little bit. A thought was: "I we could get these thousands of people I see in Washington stepping into the Metro, off the street-taxis in Santo Domingo and into the new Metro..... PARADISE!
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