New increase in fuel prices approved

February 26, 2013

The Public Services Regulatory Authority (ARESEP) approved an increase in fuel prices that will take effect later this week.

Per-liter prices for Super gasoline will increase by ₡17 ($0.034), while Plus gasoline and diesel will will go up ₡15 ($0.030).

The adjustment is the result of a calculation formula that takes into account international prices of each of the finished products (gasoline and diesel) according to the New York Commodity Exchange.

The main reason for variation in prices was speculation created in the international market due to geopolitical tensions between Iran and the United States and between Israel and Syria. Corruption scandals in Spain and the unexpected contraction of GNP in the United States also affected the price.

Price changes will take effect at midnight on the day of its publication in Costa Rica’s official newspaper La Gaceta, expected to occur this week.

ARESEP warned drivers that if they can’t find fuel supplies available at the pump, they should report to ARESEP (8000-ARESEP), as gas stations must have enough inventory to supply fuel sales for at least five days.

You may be interested

Our High Season Print Edition is here! Here’s where to find it
The Tico Times
234 views
The Tico Times
234 views

Our High Season Print Edition is here! Here’s where to find it

Katherine Stanley - December 11, 2017

In the weeks since the relaunch of The Tico Times on Sept. 1, we’ve been hard at work to reconnect…

Bright Lights Boat Parade inaugurates holiday season in Quepos
Events
329 views
Events
329 views

Bright Lights Boat Parade inaugurates holiday season in Quepos

Elizabeth Lang - December 11, 2017

The Bright Lights Boat Parade marked the official kickoff of the holiday season in the Central Pacific town of Quepos…

Strong winds cause three deaths in Costa Rica, one in El Salvador
Weather
2739 views
Weather
2739 views

Strong winds cause three deaths in Costa Rica, one in El Salvador

AFP - December 10, 2017

Three people have died in Costa Rica, includiing two Swiss tourists, and one in El Salvador as a result of…