Abinader freezes fuel prices until January 7 and guarantees Christmas dinner prices

President Luis Abinader announced Thursday that fuel prices will remain frozen until January 7, 2027, as long as the weekly subsidy to contain price hikes does not exceed RD$1,500 million.

The announcement was made during a meeting in the Green Room of the National Palace with representatives of industry, commerce and transportation. “From today until January 7, 2027, we will keep fuel prices stable, as long as that subsidy does not exceed 1,500 million pesos,” the president said.

According to Finance and Economy Minister Magín Díaz, the subsidy has averaged RD$1,500 million per week over the last 15 weeks, with disbursements ranging from RD$970 million to RD$1,831 million. Abinader estimated that total subsidy spending could reach RD$50,000 million by the end of 2026.

This week premium gasoline is RD$362.10, regular RD$317.50, premium diesel RD$322.10, regular diesel RD$270.80 and LPG RD$135.20. The government did not say what will happen if the subsidy exceeds the cap before January 7.

At the same meeting, the productive sectors guaranteed Christmas dinner prices: the popular bread keeps its price since 2022, the traditional telera will sell at the same price as in previous years, and 25 million chickens will be available, along with enough eggs and pork. Pork leg sells at RD$130 per pound and rice prices remain stable.

Photo: 7días

Source: 7días