Santo Domingo.– A Dominican subsidiary of Royal Dutch Shell PLC has sold its 137 gas stations across the Dominican Republic to a Barbados-based fuel supplier.

Friday`s statement from Shell does not reveal the cost of its deal with the Sol Group, which was formed in 2005 through the purchase of Shell`s petroleum distribution and marketing businesses in several Caribbean nations.

It will allow the Sol Group to continue using the Shell brand under a licensing agreement.

Last year, the Dominican Republic paid $110 million for Shell`s stake in the Refidomsa refinery on the outskirts of the Dominican capital in a bid to stabilize fuel prices.