{"id":184608,"date":"2022-08-22T07:47:40","date_gmt":"2022-08-22T11:47:40","guid":{"rendered":"https:\/\/dr1.com\/news\/?p=184608"},"modified":"2022-08-22T08:12:04","modified_gmt":"2022-08-22T12:12:04","slug":"little-by-little-government-reduces-fuel-subsidies","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2022\/08\/22\/little-by-little-government-reduces-fuel-subsidies\/","title":{"rendered":"Little by little government reduces fuel subsidies"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"alignleft size-full is-resized\"><img src=\"https:\/\/dr1.com\/news\/wp-content\/uploads\/2022\/02\/Bombas-gasolina-Miralba-Ruiz-Twitter.jpg\" alt=\"\" class=\"wp-image-173452\" width=\"300\"\/><\/figure><\/div>\n\n\n\n<p>Over the past five months and two weeks, the Dominican government reports it has spent above RD$27 billion in subsidies to maintain the price of fuels at the same levels of 9 March 2022, despite recent crude oil prices highs. In past weeks, the cost of a barrel of fuel had reached US$130 a barrel. Currently, the latest market close is slightly below US$90\/bbl.<\/p>\n\n\n\n<p>Back in March, President Luis Abinader told the Dominican people that the government would maintain the fuel price steady as long as a barrel of crude oil (WTI is the crude of reference in the Dominican Republic) was between US$85 and US$115 per barrel. He kept prices the same even when the price of crude was reaching US$130 a barrel.<\/p>\n\n\n\n<p>As a result, the government says it has spent, at times, close to RD$2.0 billion per week just to keep the prices from increasing. In July 2022, crude prices started to go down, and so did the government subsidies: from RD$1.7 billion a week to \u201cjust\u201d RD$660 million per week. And even more recently, the subsidy for this week is said to be only 300 million.<\/p>\n\n\n\n<p>Read more in Spanish:<br><a href=\"https:\/\/www.elcaribe.com.do\/panorama\/dinero\/gobierno-desmonta-poco-a-poco-subsidio-a-los-combustibles\/\">El Caribe <\/a><\/p>\n\n\n\n<p>22 August 2022<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the past five months and two weeks, the Dominican government reports it has spent above RD$27 billion in subsidies to maintain the price of fuels at the same levels of 9 March 2022, despite recent crude oil prices highs. In past weeks, the cost of a barrel of fuel had reached US$130 a barrel. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2022\/08\/22\/little-by-little-government-reduces-fuel-subsidies\/\" class=\"more-link\">Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[293,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/184608"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=184608"}],"version-history":[{"count":2,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/184608\/revisions"}],"predecessor-version":[{"id":184644,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/184608\/revisions\/184644"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=184608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=184608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=184608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}