After a year of price hikes, the National Oil Refinery (RECOPE) has requested authorization to drop gasoline prices, it said in a press release. The request is the result of a strengthening of the colón after the Central Bank made an adjustment to the exchange rate in November.
The refinery is requesting a ¢12 drop in the price of a liter of super and an ¢8 drop in regular. The price of diesel, meanwhile, continues to rise thanks to increased global demand with the onset of winter. If RECOPE gets its way, diesel will go up ¢7 a liter.
The request must go through a 30-day period of public comment and review by the Public Services Regulatory Authority (ARESEP). If approved, it would go into effect about mid-January. |
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