Dominicans now have to push their hands a little deeper into their pockets to pay for fuel.
Director of Trade, Matthan Walter, has announced an increase in fuel prices which took effect on March 8, 2021.
“The gas prices have been on a steady increase from October to now,” he said, adding that effective Monday, the new price will be $11.32 per gallon.
According to Walter, the prices of diesel, kerosene and all the LPG (Liquified Petroleum Gas) cylinders have also increased.
He said the global circumstances have changed.
“The OPEC, which is the oil-producing countries, has decided to cut back on production and as a result of that, there is an artificial increase [in] the price of the product,” Walter explained.
The trade official continued, “I say artificial because it is not driven by demand – as you know, most of the countries are still on lockdown – which is driven instead, by a decision to hold back production and with the holding back of production there is less product on the market and therefore, the prices are being driven up.”
Walter explained that with LPG for example, “we have a situation where it has been unprecedently cold and as a result of that, more of the liquid petroleum gas is being used for heating purposes, and so because of that demand for the product the price of that product has been on the rise.”
How can I register to this site to receive notifications
ADMIN: Please send your email address to [email protected] and ask for alerts to be turned on.
When the Global price of fuel goes down, the Government plays a role in that When the Global price of fuel goes up it’s external forces that causing that
If Government want they can keep the price of fuel low by subsidizing the price and easing the burden on Dominicans but elections is four years away so Dominicans can carry the burden still
Are these Imperial gallons — since Dominica was ruled and dominated by the “not so Great British Empire”? You should step out of the darkness and become metric
The same as the USA. Gas prices have skyrocketed also. We all have to deep further into our pockets. Everywhere around the world people are feeling the effects and negative impacts.