Costa Rican regulator proposes reduction in fuel prices
The Public Services Regulatory Authority (ARESEP) proposed a reduction of national fuel prices by ₡63 per liter that could be enacted in the coming months.
According to ARESEP, the National Oil Refinery (RECOPE) is expected to earn a ₡62 billion surplus ($124 million) for 2011. Given the large surplus, ARESEP is proposing that RECOPE reduce fuel prices from September to December of this year or “in the immediate short term.”
If the reductions are to be approved, the rate for super gasoline would be reduced from ₡712 to ₡649 per liter, “plus” gasoline from ₡691 to ₡627 per liter and diesel from ₡653 to ₡589 per liter.
You may be interested
Looking back at Hurricane Maria: the initial impactJohn McPhaul - December 12, 2017
As Costa Rica joins many other nations in looking back upon the devastating 2017 hurricane season, longtime Tico Times contributor…
Cold front claims fourth victim in Costa RicaKatherine Stanley - December 12, 2017
High winds claimed the life of a fourth victim in Costa Rica as the cold front that has been moving…
With Keylor Navas battling injuries, Real Madrid eyes January swoop for Bilbao goalieAFP - December 11, 2017
Real Madrid's first foray into the January transfer market will be to snap up Athletic Bilbao's promising goalkeeper Kepa Arrizabalaga,…