Gas prices, bus fares in Costa Rica could soon drop

August 17, 2015
1 Comments

The Public Services Regulatory Authority (ARESEP) on Monday started evaluating a request to lower gas prices that could benefit motorists starting in September.

Costa Rica’s National Oil Refinery (RECOPE) asked for cuts that would lower the price of a liter of Super gasoline by ₡43, Plus gasoline by ₡39 and diesel by ₡28.

ARESEP will study the request over the next two weeks and also will hold a public consultation before issuing a final decision on Aug. 28. If approved, new prices will come into effect starting September, following their publication in the official newspaper La Gaceta.

If implemented, the price cut could come on top of another cut — ₡4.74 per liter — in gas prices requested in July in order to return to the public ₡1,109 million ($2 million) spent improperly. ARESEP has yet to approve the cut.

ARESEP is also studying a possible reduction in bus fares that would lower fares nationwide by 4.4 percent on average.

The decrease corresponds to the evaluation of bus fares the agency performs in January and July each year. The proposal on new fares also will be submitted for consultation at a public hearing and if approved new rates would apply starting October.

The regulatory agency every six months evaluates possible variations in bus fares taking into account variables such as gas prices, salaries, bus maintenance costs and other administrative costs. The agency stated on its website that “reductions in per-liter prices of diesel recorded in recent months could favor the decrease in bus fares.”

If approved, bus tariffs would decrease from ₡5 to ₡15 on about 50 percent of the country’s routes.

You may be interested

Brazil sends troops after clashes at Venezuela border
Brazil
40 views
Brazil
40 views

Brazil sends troops after clashes at Venezuela border

AFP / Paula Ramon - August 21, 2018

SAO PAULO, Brazil— Brazil's President, Michel Temer, called an emergency meeting of key ministers Sunday after ordering troops to the…

Navas starts for Real despite Courtois arrival
Keylor Navas
130 views
Keylor Navas
130 views

Navas starts for Real despite Courtois arrival

AFP - August 20, 2018

MADRID, Spain—Keylor Navas held on to his place as Real Madrid's starting goalkeeper on Sunday despite the arrival of Thibaut…

Attending the Apertura: Watching a first-division Costa Rican soccer match the right way
Soccer
601 views
Soccer
601 views

Attending the Apertura: Watching a first-division Costa Rican soccer match the right way

Alejandro Zúñiga - August 20, 2018

Drums beat, a cluster of rowdy fans dances nonstop, and the concrete stands shake. The World Cup may be over,…