Regulatory Authority Oks Hike in Gas, Taxi Prices

February 4, 2005

THE Public Services Regulatory Authority(ARESEP) this week approved anincrease in fuel prices by between 3-5%,effective today.The agency approved a 3.82% hike inregular gasoline, from ¢340 ($0.74) to¢353 ($0.77) per liter. The hike for“super” gasoline is 4.23%, from ¢355($0.77) to ¢370 ($0.80) per liter. Dieselincreases from ¢254 ($0.55) to ¢264($0.57) per liter and kerosene from ¢267($0.58) to ¢279 ($0.61) per liter. The newprice of propane gas bought in cylindersis 3.75% higher than before.ARESEP attributed the rate hike to anincrease in the international cost of petroleum,the devaluation of the colón and thegovernment’s update of the fuel tax.In related news, taxi prices will nowincrease every February and August,according to a new formula establishedby ARESEP.The formula takes into account theprice of gas, salaries, the value of the colónagainst the dollar and other operationalcosts.“Since 2001, taxi companies have notseen a tariff increase based on more thaninflation,” said ARESEP spokeswomanCarolina Mora.The first increase based on the newsystem is expected within two months.

You may be interested

Looking back at Hurricane Maria: the initial impact
Weather
452 views
Weather
452 views

Looking back at Hurricane Maria: the initial impact

John McPhaul - December 12, 2017

As Costa Rica joins many other nations in looking back upon the devastating 2017 hurricane season, longtime Tico Times contributor…

Cold front claims fourth victim in Costa Rica
Weather
2447 views
Weather
2447 views

Cold front claims fourth victim in Costa Rica

Katherine Stanley - December 12, 2017

High winds claimed the life of a fourth victim in Costa Rica as the cold front that has been moving…

With Keylor Navas battling injuries, Real Madrid eyes January swoop for Bilbao goalie
Keylor Navas
717 views
Keylor Navas
717 views

With Keylor Navas battling injuries, Real Madrid eyes January swoop for Bilbao goalie

AFP - December 11, 2017

Real Madrid's first foray into the January transfer market will be to snap up Athletic Bilbao's promising goalkeeper Kepa Arrizabalaga,…