Costa Rican gas prices to go up for second consecutive month
The prices at national gas pumps will increase again in February, the Public Services Regulatory Authority (ARESEP) announced Monday.
Beginning at midnight on Feb. 21, Super gasoline will increase ¢13, Plus gasoline ¢15 and diesel ¢17. The hike in gas prices is the second increase of the year, followed by a smaller increase in cost on Jan. 25.
Fuel prices have continued to rise thus far in 2011, and the worldwide average cost per barrel hovered around $86 on Monday.
In January, Dr. Fatih Birol, the Chief Economist of the International Energy Agency (IEA), said that oil prices had reached a dangerous zone. Economists fear that worldwide cost per barrel of oil could reach the $100/barrel mark during 2011.
“The oil import bills are becoming a threat to the economic recovery,” said Birol in a statement.
The continued increase in fuel prices will also drive the national inflation rate for consumer prices, which increased 0.68 percent in January. The Central Bank of Costa Rica (BCCR) hopes to keep inflation rates between 4 and 6 percent in 2011.
You may be interested
How Does Coffee Pulp Help Costa Rica Reforestation?STEVEN HODEL - April 18, 2021
While the ever growing demands of society continue to encourage the destruction of tropical forests, like in Costa Rica, there…
Slothy Sunday: Visit Costa Rica’s sloths on Earth Day!Mariana Diaz / Toucan Rescue Ranch - April 18, 2021
Happy Earth Week, everyone! As you may or may not know, Earth Day is an annual event on April 22…
These are Costa Rica’s coronavirus measures for April 2021 (updated)Alejandro Zúñiga - April 17, 2021
The Costa Rican Presidency has re-introduced weekend driving restrictions in response to an increase in coronavirus cases and hospitalizations. Below…