Drop in fuel prices starts Wednesday

March 18, 2013

The Public Services Regulatory Authority (ARESEP) this week approved a reduction of ₡6 in the per-liter price of super and diesel gasoline, and of ₡5 for plus gasoline.

Gas station owners had requested that ARESEP increase gas prices, but after studying station owners’ profit margins – 37 percent countrywide – ARESEP decided to rule in favor of consumers and reduce pump prices.

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

José Miguel Masís, president of the Chamber of Fuel Businesses, said Monday that they oppose the decrease and could call a general strike of all 352 gas stations across the country. He also said workers could be laid off.

ARESEP spokeswoman Carolina Mora said the decrease was already sent for publication on Tuesday in the official newspaper La Gaceta, and will go into effect on Wednesday.

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