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Tuesday 12 August 2008, San José, Costa Rica 

us$850 Million Loan To Improve Infrastructure
Gasoline Price Hike Takes Effect Tomorrow
Passage On The Interamericana Sur "Regulado"
Juwi Launches First Wind Project in Costa Rica
Several Trade Missions Visit U.S., Boost Business

Gasoline Price Hike Takes Effect Tomorrow
Don't forget to fill the gas tank before midnight tonight as the latest round of gasoline price hikes takes effect at 12:01am.

The price of a litre of super gasoline will ˘732 colones; regular will cost ˘721; and diesel ˘726.

The price increase was approved last month by the Autoridad Reguladora de Servicios Publicos (Aresep), however, it takes effect tomorrow, one day after it is published in the official government publication, La Gaceta.

What seems to be more of a joke, the Refinadora Costarricense de Petróleo (RECOPE) on Friday made a request for a decrease in the price of gasoline by ˘1 colon for a litre of super, ˘5 for regular and ˘3 for diesel.

The request is due to the drop of the price of crude oil on international markets. Recope said that the decrease woudl have been greater, blaming the small increase on the increase in the dollar exchange rate.

However, don't hold your breath for too long, as the Aresp still has to deal with two price increase requests before dealing the the decrease.
 

 

 

 
 

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