If the Government removed the subsidy, fuel would increase by at least 37 pesos

If the government removed the fuel subsidythese would increase by at least 37 more pesos, estimated the president of the National Association of Fuel Retailers (Anadegas), Juan Matos.

At the same time, Matos warned that if fuels rise exorbitantly, not only would there be more inflation in the country, but the sales of the stations, which they have said have been reduced considerably due to the pandemic, would be reduced even more.

"Hikes always decrease sales. It is not convenient for us that the fuel becomes more expensive"stated Matos this Wednesday during a press conference in which they expressed their opposition to the Government restoring the subsidy to carriers.

Recently, President Luis Abinader recognized that the fuel subsidy is a great burden for the State that, according to his words, is impossible to maintain.

"It is impossible to continue. We subsidized the price of oil, of all hydrocarbons, last year for about 13,000 million (pesos)… It is impossible to continue with that. It is impossible"affirmed the president during an interview on the morning program Hoy Mismo, which is broadcast by Color Vision (channel 9).

Days later, the Ministry of Industry, Commerce and Mipymes (MICM) communicated the Government will continue assuming part of the increases in fuel prices so as not to transfer the increases to the population.

The MICM indicated that it will try, according to the possibilities of the national budget, to absorb most of the increases, as it has done since last year.

 

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