Public sectors reject fuel price hikes
Santo Domingo - The president of the PRD opposition party, Miguel Vargas Maldonado called on consumers yesterday "to resist by all democratic means at their disposal", the increase in fuel prices that have been proposed to the Government in the next few days. He told reporters that increasing fuel prices is an abuse of power and injustice, because it means more weight on the population´s shoulders and a burden of 77 billion pesos deficit caused by the current PLD government.
The former presidential candidate of the opposition party said that "the increases in fuel prices will raise the cost of living, more unemployment, more poverty and more violence and crime." He indicated that increases in fuel and the elimination of exemptions reduces the competitiveness of productive sectors.
The Governments Finance Minister, Vicente Bengoa, admitted yesterday that the increase in fuel prices will impact on other lines of the national economy. He said that since 2007 there has never been a price index for fuel, for that reason the government has decided to adjust the prices in line with the level of inflation in the country. The increase is nine pesos per gallon of fuel and clarified that this is not new tax on fuel prices
Published in
Dominican Republic News Archive
Leave a comment
Make sure you enter the (*) required information where indicated.
Basic HTML code is allowed.
