Costa Rican government approves fuel-price hikes

March 13, 2012

The Public Services Regulatory Authority (ARESEP) approved on Tuesday new fuel rates by applying automatic adjustments for January and February plus tax-based variations.

The measure increases per-liter prices by ₡724 ($1.40) for “super” gasoline, ₡706 ($1.37) for “plus” gasoline and ₡645 ($1.25) for diesel.

January automatic-adjustment calculations are based on international price variations from Dec. 29 to Jan. 12 at an exchange rate of ₡507.45 to $1. The estimate for February is from Jan. 26 to Feb. 9 at an exchange rate of ₡512.19 to $1.

ARESEP’s decision to raise fuel prices will be sent on Wednesday to the Government Printer for publication in the official newspaper La Gaceta. New rates will be published on March 21.

The approved rates are as follows:

Fuel rates (per liter)
Product Current Approved Difference
 Super      ₡615 ₡724 ₡109
 Plus ₡600 ₡706 ₡106
 Diesel ₡575 ₡645 ₡70
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