2003News

Price reductions announced

Glad tidings for consumers: Certain brands of soft drinks and milk are to go down in price. Both Coca Cola and Pepsi Cola’s local bottling agents are lowering their prices to RD$15 a liter, RD$10 for a half-liter and RD$7 for the 10oz bottle. Jose Ramon Sanchez Payano of Embotelladora Dominicana, bottlers of Pepsi Cola and other popular brands such as Seven Up, Mirinda, Red Rock, and Enriquillo soda and tonic water, said the reduction was aimed at making these products more accessible, especially to those on a low income who have been most affected by inflation. Nestle Dominicano has also announced a series of price reductions ranging from 12% to 20%, which will come as welcome news to the overstretched Dominican consumer. Carnation evaporated milk, Anchor and Nido Crecimiento powdered milk are included in the list of products which, as of today, will be sold at the new, lower prices. In addition, Dominicans who have lived abroad for over a year could enjoy a 30% exemption for importing vehicles, as long as the car is at least six months old. The older the vehicle, the higher the exemption, with up to 60% for a five-year-old vehicle, according to a proposal to modify Law 168, approved by the Chamber of Deputies yesterday.