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EFE - Date: January 31, 2020
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Santo Domingo, Jan. 31.- The price of all fuels, except for Fuel Oil, will drop from this Friday until February 7, following the coronavirus that emerged in the Chinese city Wuhan, according to the Ministry of Industry and Commerce (MICM).
The gallon of premium gasoline will be sold at 229.40 pesos, for a reduction of 3.60 pesos compared to last week, says a statement from MICM.
While regular gasoline will be dispensed to the public at 213.90 pesos, with a decrease of 3.70 pesos compared to the previous week.
For its part, regular diesel will cost 176.00 pesos per gallon, because it drops 4.60 pesos; and the optimum at 185.90 pesos per gallon, for a decrease of 5.50.
The gallon of Avtur will sell for 137.60, 5.90 less than last week; and Kerosene’s at 163.80, since it drops 6.20 pesos.
On the other hand, Fuel Oil continues to rise, reaching 104.06 pesos per gallon, rising 6.60 pesos; while Fuel Oil 1% will drop 90 cents, standing at 139.11 pesos per gallon.
The gallon of Liquefied Petroleum Gas (LPG) will decrease 20 cents, so it will be sold at 96.30 pesos; and Natural Gas will maintain its price of 28.97 pesos per cubic meter.
The average exchange rate is 53.21 pesos according to a survey carried out by the Central Bank
According to MICM, for the third consecutive week, fuel prices continue to fall, with gasoline, diesel and kerosene being the most benefited.
“In just one week the West Texas Intermediate (WTI) has lost almost 11% and is on its way to closing the month of January with losses of more than 13%, its biggest drop since November 2018,” says the financial institution.
He also points out that the price collapse is due to the same situation of the coronavirus that gave rise to the reductions of the past weeks.
China’s reports related to virus control indicate that the situation is getting worse; Wuhan, the Chinese city at the epicenter of the outbreak, is virtually blocked, reducing the demand for means of transport, consequently, fuel consumption, concludes MICM.
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