According to the Fuel Chamber, the global decline in oil production will cause Costa Ricans to pay more for gasoline.
Global oil production is going to be reduced by $ 1,2 million barrels a day. That will cause less supply in the market despite the fact that demand will always be the same, which will result in a price increase in oil products,
said José Antonio Galva, President of the Chamber.
The Chamber projections stated that in the first half of 2017 the price of a barrel of oil will increase from $ 47 to $ 60. If global oil prices rise, so will fuel costs in the country.
The businessman emphasized the need to modify the formula of the prices’ adjustments in order to avoid frequent changes.