2007News

Gas price increase

The effects of the fiscal reform are being felt in the price of fuel locally. While international prices for fuel are down, premium gasoline has increased by RD$4.27 and regular gasoline was up by RD$4.18. Diesel fuel now costs RD$3.20 more. As of January, the government is levying an additional RD$5 tax per gallon on premium and regular gasoline and a RD$3 tax on diesel fuel. Also, the ad valorem price on parity of imports was up from 13% to 16% or an additional RD$1.77 on the price of premium gasoline, RD$1.68 on regular gasoline and RD$1.70 on diesel fuel. Premium gasoline at the pumps now costs RD$133.50 per gallon, while regular gasoline costs RD$121.40 and diesel fuel now costs RD$96.90 per gallon.