DR1 Daily News - Dominican Republic

The Dominican Oil Refinery (Refidomsa) announced it now has the capacity to store over 111 million gallons of fuel, enough to cover more than a full month of national consumption, a strategic move following global energy volatility.

The announcement is made at a time when the new Iran war is expected to impact fuel prices in the Dominican Republic.

The Ministry of Foreign Relations reports there are two Dominicans living in Iran and these are safe and in touch with Dominican mission officers. The same for several Dominicans who live in Dubai that are also in touch with local authorities, as reported in Listin Diario.

Meanwhile, the Dominican peso has appreciated to the US dollar with US dollars selling for a seasonal low of RD$60 to US$1. The Central Bank has not explained the appreciation, but sources says this could be the result of entry to market of millions in...