The president of the Dominican Refinery Board, Felix (Felucho) Jimenez says the market price of fuel is correct and that calculations made by the opposition PRM party, which has accused the government of violating the Hydrocarbon Law and illegally increasing the fuel tax, are wrong.
He said that the Dominican Republic only processes 30,000 barrels of crude oil a day. Most purchases are of refined products and there is a major difference in price between the two. The fact that the Refinery did not buy West Texas crude, but a mix of Mexican and Venezuelan also needs to be taken into consideration.
PRM economic secretary Eduardo Tejera had stated that the government should be selling premium gasoline at RD$85 per gallon, regular gasoline at RD$77, diesel at RD$40 and cooking gas or LPG at RD$27.
Jimenez said that later this month, September 2015, the Refinery would be handing over RD$2 billion to the state in profits made during 2012-2013. He said that last year’s profits totaled US$62 million.
http://www.listindiario.com/la-republica/2015/09/02/386543/la-refineria-defiende-precios-combustibles