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Regulators approve more hikes in gasoline and diesel

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January 17th, 2014 (InsideCostaRica.com) The Regulatory Authority for Public Services (ARESEP) has approved a special adjustment in fuel prices, which will likely begin to take effect next week.

 

Super gasoline will increase by ¢5 per liter, while diesel will increase by ¢13 per liter.

 

However, regular (“Plus”) gasoline will be reduced in price by ¢3 per liter.

 

The adjustments, likely to take effect next week, will bring the price of super gasoline to ¢672/liter (¢2,544 per gallon) and diesel to ¢632/liter  (¢2,392/gallon).

 

Regular gasoline will see a slight reduction to ¢642/liter (¢2,430/gallon).

 

Earlier this week, ARESEP approved a separate ¢14 per liter increase in the price of gasoline, which will go into effect in the third week of February.

 

In that same decision, 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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