They warn that new fuel price hikes could make basic food basket products more expensive

Santo Domingo. – The president of the Dominican Merchants Federation (FDC), Iván García, warned that a new increase in fuel prices would have a direct impact on basic food basket products, due to the rise in transportation and distribution costs.

García explained that merchants have absorbed part of the increases recorded in fuel, but pointed out that a new adjustment would make it difficult to avoid transferring those costs to the final prices of food and other basic necessities.

“If another increase in fuel prices occurs, it will translate into an increase in the prices of basic food basket products,” stated the business leader.

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The president of the FDC maintained that transport represents one of the main components of trade operating costs, so any variation in hydrocarbon prices affects the entire supply chain.

Likewise, he indicated that the commercial and productive sectors are observing the behavior of international markets with concern, because new increases could affect the purchasing power of consumers and generate greater inflationary pressures.