Gas Prices Drop; More Cuts on the Way?

December 19, 2008

The fifth fuel price reduction of the year arrived at gas stations last week, to the delight of drivers across Costa Rica.

Prices dropped by ¢150 (about 27 U.S. cents) per liter for super and regular – now called “gasoline plus” – and ¢87 for diesel.

For the latest price slash, the Public Services Regulatory Authority (ARESEP) focused on the value of the colón against the dollar during the Oct. 30-Nov. 13 period.

This period represents a new calculation method, which has fueled some debate.

Several Costa Ricans contacted the country’s official price regulator to express disagreement with its new 15-day criteria, recommending 10 days as a maximum period instead, according to a Dec. 15 ARESEP report.

Three individuals urged ARESEP to consider the U.S. model, in which prices are set by supply and demand, when formulating appropriate criteria for deciding the cost of gas.

Consumer Oscar Granados, however, was satisfied with the price drop, noting that reduced fuel prices would keep the cost of basic goods from rising.

Last weekend’s price drop marked the most significant gasoline decrease this year.

Just before the pump prices went down, the National Oil Refinery submitted another request for a slight decrease, asking ARESEP to cut super and regular by almost ¢66 per liter and diesel by another ¢98.

–Vanessa I. Garnica

 

You may be interested

Adaptive surfing, part III: Riding the waves with Noah
sports
76 views
sports
76 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
1182 views
Environment and Wildlife
1182 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…

Costa Rica’s guilty voters
No Sugar Please
141 views
No Sugar Please
141 views

Costa Rica’s guilty voters

Álvaro Murillo - May 25, 2018

By what I have done, and by what I have left undone. A relative of mine is 70 years old…