Monday 27 September 2021

Hikes of up to 72% on Industrial Fuels

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propuestaQCOSTARICA – Increases up to 72% are expected in the price of gas and 35% in bunker fuel if a proposal put forward by the regulating authority of public prices and services, ARESEP, to reduce the price of gasoline and diesel by 2% if successful.

This according to the Chamber of Industries of Costa Rica (Cámara de Industrias de Costa Rica).

Chamber president, Enrique Egloff, said the cost of reducing gasoline by 2% will mean a sacrifice in production costs for industrialists “encouraging consumption rather than production will bring a high cost because it will bankrupt industrial companies that use bunker fuel and liquefied petroleum gas (LPG), which are industrial fuels used for operating boilers, furnaces, burners, etc.

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Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

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