ARESEP approves decrease in fuel prices

March 11, 2013

The Public Services Regulatory Authority (ARESEP) approved a price decrease of ₡6 for diesel and super gasoline, and of ₡5 for plus gasoline.

The per-liter price of super gasoline will drop from ₡735 to ₡729 ($1.47-$1.45), while regular gasoline will drop from ₡693 to ₡688 ($1.38-$1.37) and diesel from ₡656 to ₡650 ($1.31-$1.30).

Gas station owners had requested a 37 percent increase in the profit margin they earn, but ARESEP ruled against them.

ARESEP official Juan Manuel Quesada said a technical evaluation of gas station infrastructure, depreciation expenses and profit margins “resulted in a decrease in the profit margin for fuel vendors that will be applied in the final price paid by consumers.”

The current profit percentage for fuel vendors is ₡43.4 per liter, which now will be set at ₡37.6.

The measure will be sent to the official newspaper La Gaceta and will take effect the day after its publication.

You may be interested

Costa Rican entrepreneur launches swimwear line to empower women
Changemakers
108 views
Changemakers
108 views

Costa Rican entrepreneur launches swimwear line to empower women

Elizabeth Lang - May 24, 2018

María Luisa Mendiola is a young Costa Rican woman living in New York who’s all about creating change in everything…

Costa Rica dismantles international drug trafficking ring
Drug trafficking
118 views
Drug trafficking
118 views

Costa Rica dismantles international drug trafficking ring

AFP - May 24, 2018

Costa Rican authorities dismantled an international cocaine trafficking ring that used fishing boats on the country's southern Pacific coast. The…

Costa Rica’s snakebite research pioneers save lives worldwide
Changemakers
210 views
Changemakers
210 views

Costa Rica’s snakebite research pioneers save lives worldwide

Mitzi Stark - May 23, 2018

The Clodomiro Picado Institute is spread along the main road of Dulce Nombre de Coronado, northeast of San José. Its…