Petrol will increase RD$ 2.70 and RD$ 2.50; diesel RD$ 2.60

For the week of 4 to 10 February 2012, the prices of liquefied petroleum Gas (LPG) and Natural Gas will not undergo variations, while other fuels recorded increases, due to the increase of a 2.85% in some derived during the five days of reference for the implementation of internal prices.

Consequently, the communications Directorate of the Ministry of industry and Commerce reported that the premium gasoline will cost RD$ 225.30, for an increase of RD$ 2.70 per gallon and the Dr regularly $209.00 for a rise of RD$ 2.50 per gallon.

Also regular diesel will cost RD$ 195.40 to an increase of RD$ 2.60 per gallon, the premium RD$ 202.00 to an increase of RD$ 2.60 per gallon and the Avtur will cost RD$ 158.80 for an increase of RD$ 2.70 per gallon.

While the kerosene will sell RD$ 184.70 for a rise of RD$ 2.90 per gallon, the fuel oil cost RD$ 139.99 for an increase of RD$ 3.11 per gallon, while the LPG will remain RD$ 107.60 u000aand Natural Gas (LNG - CNG) cost RD$ 25.00.

The average exchange rate used for the calculation of fuel, supplied by the Central Bank of the Dominican Republic was Rd $39.02.

Industry and Commerce explained that the increases in the local market respond to geopolitical tensions in the Middle East, which could result in the closure of maritime traffic by the Strait of Hormuz, which hinder the transport of crude oil to Asia and to the deterioration of the confidence of the consumer of the United States.

Another factor that drew and that has had an impact on the rise in world prices of derivatives has to do with the lack of definition of the crisis of the Greek debt, extended to the rest of the Euro zone. On time, this week the quotation of the West Texas oil in the Gulf Coast (WTI) reached in the last seven days the US$ 99.50 per barrel.

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