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.

 

Facebook Comments

You may be interested

Lifeguards call for help in Costa Rica: support their work in Osa
Changemakers
294 views
Changemakers
294 views

Lifeguards call for help in Costa Rica: support their work in Osa

Perry Gladstone - October 20, 2018

Over the last four years, the Lifeguards of Costa Ballena have performed 240 in-water rescues, administered first aid 100 times…

Costa Rica Rocks: An evening of progressive metal at Jazz Café
Arts and Culture
169 views
Arts and Culture
169 views

Costa Rica Rocks: An evening of progressive metal at Jazz Café

Eduardo Doryan - October 20, 2018

So there I was, at the fabled Melico Salazar Theater, about to experience the pleasure of seeing the Costa Rican…

PeaceJam to host first Youth Summit in Costa Rica
Peace Talks
689 views
Peace Talks
689 views

PeaceJam to host first Youth Summit in Costa Rica

Alejandro Zúñiga - October 19, 2018

Nobel Peace Laureate Jody Williams will headline the first PeaceJam Youth Summit in Costa Rica next month. The event, scheduled…