For the past year, the Abinader administration has maintained the price of fuels at the same price it was on 15 March 2022. The government says this has cost well over RD$30 billion.
However, there is some good news. With US oil prices dropping, this past week, the subsidy was the lowest it has ever been, a mere RD$38 million, which, by itself, is a lot of money, but nowhere near the one and two and three billion pesos subsidies that arrived as a result of the Russian invasion of Ukraine.
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El Caribe
20 March 2023