Dominican Republic Among the Americas' Most Expensive Countries for Gasoline
Gasoline in the Dominican Republic costs $1.56 a liter, above the regional average. According to El Dinero, taxes account for about 40 percent of the final price.
Key points
- Gasoline price in the DR: $1.56 per liter, about $5.93 per gallon (data from October 26, per GlobalPetrolPrices).
- Regional average in the Americas: $1.44 per liter.
- Taxes: around 40 percent of the final cost, according to El Dinero's analysis.
- Uruguay ($2.25) and Barbados ($2.12) have the highest prices in the region.
The Dominican Republic is among the Americas' countries with the highest gasoline prices. According to data from the GlobalPetrolPrices platform, corresponding to October 26, a liter costs $1.56, equivalent to about $5.93 per gallon. The figure is above the regional average of $1.44 per liter.
Although the Dominican government applies weekly subsidies to cushion the impact of international prices, the price remains high. The newspaper El Dinero notes that taxes make up about 40 percent of the final cost of fuel. Currency volatility and pressure on the energy market add to the strain.
In a continental context, according to figures cited by the publication, the global average gasoline price reached $1.59 per liter as of October 5, a 19.38 percent year-over-year increase. Uruguay leads the American list at $2.25 per liter, followed by Barbados at $2.12. Cuba, Belize, the Bahamas, Costa Rica and Peru also rank above the Dominican Republic. Chile ($1.54) and Mexico ($1.51) round out the top ten.
The price increase is linked to tensions in the Middle East, particularly the conflict involving the United States, Israel and Iran, restrictions on transit through the Strait of Hormuz, and risks to Saudi Arabia's oil infrastructure.
Why it matters
The high price puts pressure on household budgets, transportation and production costs in a country that depends on imported petroleum products.