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  1. #1
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    Lightbulb Govt save U.S. 1.2 billion on reduced fuel????

    The Central Bank says the country could save US$1.2 billion as a result of the steep decline in oil prices. From US$107 in late June, the price per barrel of West Texas Intermediate (WTI) has dropped to US$55, a decline of around 40%, as reported yesterday, Thursday 18 December 2014. This is the lowest level in the past five years. The Dominican government had based its 2015 National Budget projections on an oil price of US$84 per barrel.

    The Central Bank expects that the decline in government taxation revenue on fuel consumption locally will be offset by an increase in sales tax (ITBIS) revenue due to an overall increase in consumption.

  2. #2
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    I don't remember exact numbers, but when oil was $145 per barrel in 2008, regular gasoline was about 205 pesos per gallon. Now oil is $55, and regular gasoline is 181 pesos per gallon. Something is wrong with the formula

  3. #3
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    more than a million$ u.s. a day in pocket

  4. #4
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    Quote Originally Posted by chic View Post
    more than a million$ u.s. a day in pocket
    or 44 million p.d$ a day

  5. #5
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    Quote Originally Posted by Gringo Starr View Post
    I don't remember exact numbers, but when oil was $145 per barrel in 2008, regular gasoline was about 205 pesos per gallon. Now oil is $55, and regular gasoline is 181 pesos per gallon. Something is wrong with the formula
    This is a real windfall for countries like the DR. On the other hand producing countries are taking a big hit, boo hoo. Paid $2.35 per gal in the state of Delaware USA yesterday and it is still dropping, That is about a $1 less per gallon than a year ago. Love it.

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