Santo Domingo.- The Government will attempt to keep fuel prices frozen for the next three months, provided that the international price of oil does not exceed 95 dollars per barrel, reported the Minister of Finance and Economy, Magín Díaz, this Thursday.
The official explained that the measure would come into effect after an additional adjustment to fuel prices is applied this Friday. He indicated that the US$95 per barrel limit was established because, above that level, the state subsidy becomes difficult to sustain.
Díaz highlighted that the Government continues to make a significant economic effort to prevent international market increases from directly impacting consumers.
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“There have been weeks when the subsidy reached between 1.6 and 1.7 billion pesos. With the 15% increase we have implemented, that figure has been reduced, and in the last two weeks the subsidy has been between 800 million and 1 billion pesos,” he explained.
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The minister pointed out that the recent reduction in the cost of the subsidy has also been favored by a drop in international oil prices, although he reiterated that fuel stability will depend on the barrel remaining below the established threshold.
