Government to subsidize the price of fuel “as long as possible”
The Minister of Industry and Commerce and Mipymes, Víctor (Ito) Bisonó, maintained that the Government will continue to subsidize the price of fuel until “the country can.”
“The government is in a position to continue doing what it is doing up to now without taking out loans in order to save subsidies,” the Minister added, when approached by various reporters.
Bisonó added that President Luis Abinader has kept inflation “controlled in a general sense,” from fuel to food.
In addition, the official explained that the President has been the one who has supervised the work in each of the ministries in order to save as much as possible of the public treasury.
Between the months of January and June, the Government spent RD$25,635.6 million, which is equivalent to 73.5% of the total subsidies, which, according to the Minister, prevented the increase in fuel and transportation in the country.
The Ministry of Finance reported that 34,863.3 million Dominican pesos were allocated in subsidies in the first half of 2022 to “prevent” the population from suffering price increases for first-instance products.
Fuels this week are between 148 to 338 Dominican pesos, in which Premium gasoline is at RD$293, while regular gasoline is at RD$222 and liquefied petroleum gas (LPG) is priced at RD$148. .