Gas Prices Drop, Diesel Goes Up

January 12, 2007

Good news at the pump for drivers: the price of super and regular gasoline dropped Wednesday, and another reduction is expected in the next few days, once a reduction approved Tuesday by the Public Services Regulatory Authority (ARESEP) is printed in the official government daily La Gaceta.

Wednesday’s reduction was thanks to the elimination of a subsidy for diesel fuel that raised the price of one liter of diesel ¢17 ($0.03) to ¢364 ($0.71) per liter Wednesday, while one liter of super gas dropped ¢28 ($0.05) to ¢488 ($0.95) and regular gas dropped ¢36 ($0.05) per liter to ¢486 ($0.89).

ARESEP Wednesday sent the second approved fuel price reduction to the National Printer for publication in La Gaceta.

 

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