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Companies threaten to leave the country due to 72% increase on Gas price

August 23, 2016 by Staff News Writer

Dozens of companies are threatening to leave the country if a 72% increase on the gas price and a 35% increase of bunker price are approved.

This would also affect the pocket of 451 thousand families who depend on this product.

The controversy began last December when the Regulatory Authority of Public Services proposed the increase by changing the rate model and stating 2016 prices “should be related to the international price as they did from 2008-2015”, which did not receive the government’s approval.

After 6 months, a group of members of the Parliament requested an appeal in favor of the increase.

This, according to Costa Rican Union of Chambers and Associations of Private Enterprise (UCCAEP) representatives, would generate negative effects on employment and investment.

Vidriera Centroamericana (VICESA), which currently employs 600 people and has scheduled an investment of $ 16 million this year, is among the companies that announced their departure if the 72% increased is approved. More than 10 important companies  joined the threat.

crhoy.com

Related articles:

  1. The Costa Rican Chamber of Industries opposes the fuel-price increase requested by ARESEP
  2. Oil bill to increase 24.8% in 2017
  3. A 16% increase in fuel prices is coming in 2017
  4. Less rain and agency costs threaten to increase eletricity rates
  5. Businessmen are worried: gas price could increase
  6. Fuel price will increase in October

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