Difference between revisions of "Fuel Prices Dominican Republic"
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{{Fuel Price Factsheet | {{Fuel Price Factsheet | ||
|Fuel Price Country=Dominican Republic | |Fuel Price Country=Dominican Republic | ||
| + | |Fuel Pricing Policies=Weekly price setting by ministry of industry and commerce: | ||
| + | http://www.seic.gov.do/Lists/Precios%20de%20combustibles/AllItems. | ||
| + | |||
| + | Prices are uniform. Since Nov 2000, official prices have been published weekly according to an import-parity pricing formula. Petroleum products are taxed with a specific and an ad-valorem tax which vary by fuel type. By law, the specific tax should be indexed to inflation with quarterly adjustments, but government starting in 2007 has chosen not to implement the indexation. In Sep 2008, the price subsidy for LPG was eliminated and replaced with a social protection scheme whereby 730,000 bonogas cards were issued to poor families, entitling them to a monthly reduction of RD$228 (US$6.30 at the time) for LPG purchase. By regulation, maximum prices for LPG must be the same for residential, commercial, and industrial consumers. Government posts current and historical fuel prices every week on its Web site, showing data going back to Jan 2008. In addition, selective data going back to 2001 are also posted. (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.) | ||
|Fuel Currency=DOP | |Fuel Currency=DOP | ||
|Fuel Price Exchange Rate=36.82 | |Fuel Price Exchange Rate=36.82 | ||
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|Fuel Price Composition Annotation=Source: http://www.dominicantoday.com/dr/economy/2010/10/26/37412/September-fuel-tax-revenue-jumps-478-to-RD111B | |Fuel Price Composition Annotation=Source: http://www.dominicantoday.com/dr/economy/2010/10/26/37412/September-fuel-tax-revenue-jumps-478-to-RD111B | ||
|Fuel Price Composition 2=GIZ_IFP2012_Dominican Republic2.png | |Fuel Price Composition 2=GIZ_IFP2012_Dominican Republic2.png | ||
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|Fuel Matrix Pricing Mechanism=2 | |Fuel Matrix Pricing Mechanism=2 | ||
|Fuel Matrix Price Level=3 | |Fuel Matrix Price Level=3 | ||
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|Fuel Price Factsheet Source Annotation=Mostly by newspapers | |Fuel Price Factsheet Source Annotation=Mostly by newspapers | ||
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| + | {{Fuel Price Factsheet Source}} | ||
Revision as of 13:53, 15 February 2013
Part of: GIZ International Fuel Price database
Also see: Dominican Republic Energy Situation
Fuel Pricing Policies
| Local Currency: | DOP |
| Exchange Rate: | 36.82
|
| Last Update: |
Weekly price setting by ministry of industry and commerce: http://www.seic.gov.do/Lists/Precios%20de%20combustibles/AllItems.
Prices are uniform. Since Nov 2000, official prices have been published weekly according to an import-parity pricing formula. Petroleum products are taxed with a specific and an ad-valorem tax which vary by fuel type. By law, the specific tax should be indexed to inflation with quarterly adjustments, but government starting in 2007 has chosen not to implement the indexation. In Sep 2008, the price subsidy for LPG was eliminated and replaced with a social protection scheme whereby 730,000 bonogas cards were issued to poor families, entitling them to a monthly reduction of RD$228 (US$6.30 at the time) for LPG purchase. By regulation, maximum prices for LPG must be the same for residential, commercial, and industrial consumers. Government posts current and historical fuel prices every week on its Web site, showing data going back to Jan 2008. In addition, selective data going back to 2001 are also posted. (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
Fuel Prices and Trends
| Gasoline 95 Octane | Diesel | |
|---|---|---|
| in USD* |
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| in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition for one litre of Gasoline 95 Octane as of 2010/11/01.
At a Glance
| Regulation-Price-Matrix |
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Sources to the Public
| Type of Information | Web-Link / Source |
|---|---|
| Other Information | http://www.dominicantoday.com/dr/economy/2011/4/8/39198/Dominican-Republic-fuel-prices-set-record (Mostly by newspapers) |
| Pump prices and margins | http://www.seic.gov.do/hidrocarburos/default.aspx |
| Pump prices and margins | http://www.seic.gov.do/Lists/Precios_de_combustibles/AllItems.aspx |
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
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