The Association of Gasoline Retailers (Anadegas) says that the government should cut fuel prices to comply with the Hydrocarbons Law that establishes that local prices should be set according to the fluctuations in world market prices.
At a press conference yesterday, Thursday 4 December 2014, Anadegas representatives pointed out that international fuel prices have declined by around 35% in the past six months.
Emilio Vasquez and Rafael Polanco, president and former president of Anadegas said that fuel prices in the DR are significantly padded when taking into account the cost of a barrel of oil as reported by the West Texas Intermediate (WTI) crude oil, the benchmark for oil pricing chosen by the Dominican government to establish local fuel prices.
They said that the gallon of premium gasoline should be selling for RD$177 instead of the current RD$226.80. Regular gasoline should be priced at RD$166 and not RD$209.30. Premium diesel should sell for RD$147 instead of RD$188.10 and regular diesel for RD$143 and not RD$180.90 the gallon. The gallon of propane gas should sell for RD$73.45 instead of the RD$100.30 at present.
Anadegas added that there is no longer a reason for the government to maintain the fuel subsidy to transporters.
ANADEGAS dice precios combustibles deben bajar 38 y 50 pesos