Regulator Aims to Cut Prices of Gas Further

October 17, 2008

The Public Services Regulatory Authority (ARESEP) has made a bid to lower prices at the pump, by ¢39 ($0.07) per liter for super and ¢47 for regular.

The reduction would be greater than one proposed by the National Oil Refinery (RECOPE) of ¢24 for super and ¢31 for regular, the regulatory authority said in a press release.

Gas in Costa Rica currently runs at ¢722 ($1.30) a liter for super and ¢708 for regular (called gasolina plus).

“ARESEP believes it is necessary to eliminate the sway effect caused by Hurricane Ike … which shot up gasoline prices, but days after the market corrected this unusual effect,” the price regulator said.

A final decision on the cost reduction could come by mid-November.

ARESEP is seeking public comment on its proposal. Comments can be e-mailed to usuario@aresep.go.cr or faxed to 2290-2010 by 4 p.m. Oct. 27.

 

You may be interested

Costa Rica’s Keylor Navas, Real Madrid nab third consecutive Champions title
Keylor Navas
120 views
Keylor Navas
120 views

Costa Rica’s Keylor Navas, Real Madrid nab third consecutive Champions title

Katherine Stanley - May 26, 2018

Costa Rica's star goalie, Keylor Navas, continued his historic march through world football as his club team, Real Madrid, won…

Adaptive surfing, part III: Riding the waves with Noah
sports
200 views
sports
200 views

Adaptive surfing, part III: Riding the waves with Noah

Ellen Zoe Golden - May 25, 2018

Part III in a series on adaptive surfing in Costa Rica. Read Part I, about the country's association for disabled…

It’s frog orgy season
Environment and Wildlife
1302 views
Environment and Wildlife
1302 views

It’s frog orgy season

Lindsay Fendt - May 25, 2018

The rainy season is upon us. For many of us that means hiding indoors for the next few months, but for Costa…