Secretary of the Presidency, Danilo Medina alerted that the DR will be affected by the 2.7% cut in the world production of petroleum announced by the Organization of Petroleum Exporting Countries (OPEC). Prices are expected to go up as a result of the reduction in production of 2,104 million barrels a day. He explained that the government will suffer from the loss in the tax differential charged per gallon of fuel sold locally. The government has used the tax differential to pay the foreign debt. Medina urged the Congress pass the international loans that would enable the government to carry out important repairs of infrastructure damaged by Hurricane Georges.
