In a move designed to ease financial pressure on household and commercial consumers across the Dominican Republic, the nation’s Ministry of Industry, Commerce and Micro, Small and Medium Enterprises (MICM) has rolled out a new round of fuel price cuts for the week spanning July 4 to 10, backed by a 424.53 million Dominican peso (RD) government subsidy.
The adjustments bring a RD$5.00 per gallon reduction to both regular-grade gasoline and standard diesel, while premium variations of both fuels will see a smaller RD$3.00 per gallon drop. Fuel oil will also follow the downward price trend, but two widely used consumer energy sources — liquefied petroleum gas (LPG) and natural gas — will remain at their current price points. According to MICM, holding LPG prices steady is a deliberate policy choice: as the primary cooking and heating fuel for the vast majority of Dominican households, stable pricing protects families from sudden swings connected to turbulence in global energy markets.
Not all fuel products are seeing price cuts, however. The ministry confirmed that aviation fuel and kerosene will see price increases, driven by ongoing upward trends in global crude oil costs. MICM also outlined the broader context shaping the country’s fuel pricing: the Dominican Republic imports nearly all of the fuel it consumes for domestic use, and global refining margins for gasoline and diesel have skyrocketed since the start of 2024, spurred by ongoing conflict in the Middle East. This sustained rise in margins has directly pushed up the country’s import costs for most fuel products, creating the need for targeted government subsidies to keep consumer prices manageable.