Costa Rica gas prices to drop

October 31, 2008

Some relief at the pump is coming this week after a Costa Rica regulator approved a reduction of gasoline prices.

Set to take effect Wednesday at midnight, the prices are to drop to ¢ 687 (U.S. $1.23) per liter for super, ¢ 665 ($1.17) for regular and ¢ 609 ($1.09) for diesel, according to a press release from the Public Services Regulatory Authority (ARESEP).

The latest slash comes as a correction to price increases after Hurricane Ike in mid-September, and “will benefit consumers and not affect the finances of (National Oil Refinery) RECOPE,” the press release said.

RECOPE had requested a lesser price reduction of ¢24 per liter for super, below ARESEP´s approved ¢35 decrease.

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