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
Strong winds cause three deaths in Costa Rica, one in El SalvadorAFP - December 10, 2017
Three people have died in Costa Rica, includiing two Swiss tourists, and one in El Salvador as a result of…
6 camouflaged Costa Rican creatures you probably haven’t seenLindsay Fendt - December 9, 2017
The jungle can be a scary place, and even for some of the fiercest of Costa Rica’s creatures, sometimes the…
National Geographic-Lindblad Expeditions ship makes first visit to Osa PeninsulaThe Tico Times - December 8, 2017
National Geographic and Lindblad Expeditions touched down for the first time on Costa Rica's renowned Osa Peninsula this week for…