Petroleum

This picture illustrate the situation most Haitians find themselves when the price of fuel price increases. This includes any petroleum product.

Will Haitian Government Risk Adjusting Fuel Prices?

Beginning in January 2010 Haiti stopped adjusting fuel prices fearing economic instability. Instead it subsidized fuel increases.

Haiti is increasing its deficit by selling fuel to the Dominican Republican (DR) at 20% per gallon less than what the DR pays for its own fuel.

The government of Haiti cannot continue to let the deficit climb, but it is reluctant to adjust fuel prices because it will cause social unrest and rouse the opposition.

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Gasoline affect many thing in Haiti. Due to the economic condition of the population, the Haitian Government has been subsidizing the price of petroleum products in the country. This practice was able to maintain a level of stability for many years. However, the Government of Michel Martelly has made the decision not to subsidize the price of gasoline and to let the price fluctuated based on the international market

There is one major problem with this. There has not been any improvement in the economic situation of the Haitian population. The unemployment rate remains at over 70 percent

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