Gasoline prices may drop again in October

September 7, 2015
1 Comments

The Public Services Regulatory Authority (ARESEP) on Monday reported that a drop in international prices of oil in recent weeks could prompt a decrease in gas prices here.

On the second Friday of each month ARESEP calculates fuel prices to take effect for the next month.

On Sept. 11, ARESEP will analyze international oil prices registered in the previous 30 days as well as variations in the dollar exchange rate to set prices that will apply in October.

ARESEP’s current data show that international prices decreased by $16 per barrel, and most international oil markets are registering both high reserves and lower demand of gasoline. This means per-liter prices of “Super” and “Plus” gasoline likely will be cheaper for next month, the agency said.

International diesel prices, however, recently showed a slight increase prompted by higher demand and reduced reserves, ARESEP said.

The agency noted that the only situation that could result in higher fuel prices is the exchange rate, as the average recorded in August was ₡535.60, while so far this month, it is ₡539.98.

Cheaper fuel prices went into effect last Wednesday following ARESEP’s approval of reductions of ₡44 for “Super” gasoline, ₡39 for “Plus” and ₡28 for diesel.

You may be interested

5 questions for Costa Rican artist Karen Clachar
Weekend Arts Spotlight
79 views
Weekend Arts Spotlight
79 views

5 questions for Costa Rican artist Karen Clachar

Elizabeth Lang - June 17, 2018

Costa Rican artist and publicist Karen Clachar has been merging communication and art throughout the past 20 years – an…

Serbia defeats Costa Rica 1-0 at the 2018 World Cup
World Cup 2018
126 views
World Cup 2018
126 views

Serbia defeats Costa Rica 1-0 at the 2018 World Cup

Katherine Stanley - June 17, 2018

The early-morning Father's Day gift many Ticos had been hoping for did not materialize this morning: despite a wide-open first…

Costa Rican artist Elizabeth Argüello designed a Google doodle for Sunday
World Cup 2018
124 views
World Cup 2018
124 views

Costa Rican artist Elizabeth Argüello designed a Google doodle for Sunday

The Tico Times - June 17, 2018

The Costa Rican artist and muralist Elizabeth Argüello designed the Google doodle (logo) for Sunday's World Cup match against Serbia, the…