Director of Trade, Matthan Walter, has announced that Dominicans will now experience a decrease in the price of gasoline, and a “very slight” increase in the prices of diesel and kerosene.
The new prices came into effect on Monday, July 18, 2016.
The price of gasoline currently stands at $10.74 per gallon—a drop of 32 cents from the original price.
The price of diesel per gallon increased by 5 cents, from $9.24 to $9.29, while a gallon of kerosene is now sold for 8 cents more, at $7.93.
Walter explained that the change in the price of gasoline is due to a decrease in the price of oil.
“The decrease in the price of gasoline is simply because of the fact that we have moved downwards,” he said. “There has been a slight depression from a previous average for the barrel of oil at $48.49. It has decreased to $47.72.”
Similarly, he noted that there has been a decrease in price of Liquid Petroleum Gas (LPG), “across the board.”
“For the 100-pound cylinder, the current price is $133.09, the previous price was $133.68. For the 30-pound cylinder, the current price is $40.93, the previous price was $41.11. For the 27.5-pound cylinder, the current price is $37.60, the past price was $37.77, and for the 20-pound cylinder, the current price is $27.62, the past price is $27.74,” Walter elaborated.
He highlighted the efforts of the Ministry of Trade to bring immediate benefit to consumers.
“Any amount that is decreased is a benefit to the consumer…” Walter stated. “What we have now is the realization and the immediate reaction from the Ministry of Trade to decreases, for example, in the prices of those products in the world market, for the benefit of the consumer.”
In March 2016, Walter said that Dominicans were experiencing the lowest drop in gas prices in five years, with gasoline at $9.16 per gallon, diesel at $7.74 a gallon, and kerosene at $6.58 per gallon.
Air fares and bus fares not going down?
good job
What a joke where it is so hard to find a job……………….
10.74. Stupes. That is decrease Mr minister? Gas price should be much lower than that. Yall increased the price when there was no increase in the international market. Now all u want to give little decrease and say is something good. Stupes again.
Wow! you guys are running behind time Mr. Walter. The price of oil has been down for the past two years worldwide, and Oh…. I thought we were supposed to be enjoying a much lower gas price because of Petro Caribe, What ever happened to that promise?
Great
Mr. Walter ….Why isn’t there no mention in the news when the prices go up?
Prices go up like a thief in the night.