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Insidecostarica.com - San José, Costa Rica - Saturday 23 April  2005

 

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  Ouch! Another Gasoline Price Increase Approved
  Oil Bill Increased by $197.1 Million
  Italian Fugitive Caught
  No Electrical Service in Downtown San José Tomorrow and Next Sunday
  Finland to Reform Foreign Aid
  Exports at a Slow Pace


Oil Bill Increased by $197.1 Million
Over the 12 months that ended in March, Costa Rica paid us$735.8 million, us$197.1 million more than in the same period ending March last year, for oil products.

While in March 2004 the Costa Rican Oil Refinery paid an average us$38.92 per barrel of crude oil, this March the figure was us$57.31, an average increase of us$18.31 per barrel.

In the domestic market, the price of super gasoline has gone 29.7 percent up in the period analyzed, while national consumption dropped by 3 percent.

In spite of this, the country's hard currency reserves remained high, thanks to income mainly from tourism, according to Banco Central de Costa Rica (BCCR) - Central Bank - president Francisco Gutierrez.
 

 
 
 
 
 
 
   

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