1998News

Making transparent the petroleum boon

President Leonel Fernández ordered that the Refinería Dominicana de Petróleo deposit in the Central Bank all resources received from the differential from the price paid for petroleum and the sales price to the distributors. Decree 247-98 establishes manners that make more transparent the millions the government is receiving. Opposition sectors estimate that this year the government savings could reach RD$3,000 million. Unleaded fuel sells for almost US$2 in the DR.