• Costa Rica Coffee Guide

Worldwide Oil Woes Spark Gas Hike Request

January 18, 2008
The National Oil Refinery (RECOPE) has requested another hike in the price of fuel due to record-high oil prices worldwide.
Pending approval by the Public Services Regulatory Authority (ARESEP) the price of regular, super and diesel will go up ¢9.44 ($0.019), ¢10.73 ($0.022) and ¢3.14 ($0.007), respectively.
In a release, RECOPE cited several international factors for the upward pressure on oil prices, including continuing pressure in the Middle East and the growing certainty that the U.S. economy is approaching a recession.
 

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