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Economy

Again all fuels prices rise in dominican republic

All fuels will rise between ten cents and RD $ 4.60 during the week of March 9 to 15, 2019 due to the sustained increase in oil prices, according to the resolution of the Ministry of Industry, Commerce and Mipymes.

With the new prices the Premium Gasoline will cost RD $ 224.90 per gallon, RD $ 3.30 goes up; the

Regular Gasoline RD $ 209.30, increases RD $ 3.00; Regular Gasoil RD $ 181.20, RD $ 2.10 goes up and Gasoil Óptimo RD $ 195.80 increases RD $ 4.60.

The Avtur will be sold at RD $ 142.70 per gallon, up RD $ 0.50; the Kerosene at RD $ 169.60, goes up RD $ 0.50; Fuel Oil at RD $ 124.45, increases RD $ 0.50.

Liquefied Petroleum Gas (LPG) will be RD $ 106.60 per gallon, RD $ 0.10 goes up, and Natural Gas to RD $ 28.97 per cubic meter, maintains its price.

The averaged exchange rate is RD $ 50.57 according to the survey conducted by the Central Bank.

International prices

Oil prices rose on Thursday, as analysts downplayed the possibility that demand would decline in the US. UU The WTI was quoted in New York at 65 cents, or 1.16%, at 56.87 dollars per barrel at 8:38 AM ET (13:38 GMT).

Although Wednesday’s data on US stocks showed an increase in inventories last week, the jump was attributed to seasonality rather than a sign of weak demand. The president of Transversal Consulting, Ellen Wald, explained that the accumulation in the stores of crude oil was “seasonally appropriate” and that the data also showed a tie in the gas shops of 4.2 million barrels.

Oil has rebounded more than 20% this year thanks to cuts in production of 1.2 million barrels per day from OPEC and its partners, especially Russia. US sanctions against members of OPEC, Venezuela and Iran, have also helped reduce supplies.

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