ARESEP approves hike in gasoline prices


January 15th, 2014 ( The Regulatory Authority for Public Services (ARESEP) has approved a ¢14 per liter increase in the price of gasoline, which will go into effect in the third week of February.


The regulator also approved a ¢1/liter decrease in the price of diesel.


Meanwhile, ARESEP is still considering a separate increase in the prices of both gasoline and diesel which was requested by the Costa Rican Oil Refinery (RECOPE) earlier this month, which would increase both gasoline and diesel prices by up to an addition ¢45 per liter.


ARESEP is expected to make a decision on that increase later this month, which would take effect in March if approved.

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