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Friday 12 December 2008, San José, Costa Rica 

Gasoline Prices Take Historic Nose Dive
Costa Rica Well-Positioned For Global Slowdown
Quick Approval Of Bank Capitalization Bill In Jeopardy
Price of Bread To Go Down 10%
Legislators Delay SUTEL Appointments
Grube's Good For One-Shot Lead at Canadian Tour's Costa Rica Classic
Blankets and Jackets For The Weekend

 
Gasoline Prices Take Historic Nose Dive
For those not aware of the latest drop in gasoline prices will be in for a pleasant surprise next time they fill the tank, as gasoline prices made a historic price drop at the 12:01am today, one day ahead of the scheduled announcement.

The Autoridad Reguladora de los Servicios Públicos (Aresep) had announced that the publication of the latest approval in the official government publication, La Gaceta, would have occurred today, instead it occurred on Thursday. Under the current regulations, gasoline prices changes take effect at the gas pumps the day following publication.

At 12:01am today, a litre of super gasoline began selling for ¢488 colones, ¢152 less than yesterday's price of ¢640; regular or Plus 91 now sells for ¢474, down ¢150 from yesterday's ¢624; and diesel sells for ¢522, down ¢87 from yesterday's ¢609.

The price of natural gas, mainly used for cooking in the majority of Costa Rican kitchens, also dropped ¢680 colones for a 8 litre tank and ¢1.360 for a 17 litre tank. Aviation fuel and kerosene also drop in prices.

Today, the Refinadora Costarricense de Petróleo (Recope) - the state refinery - is expected to ask the regulator for another major decrease in gasoline prices, this time as ¢50 colones for a litre of gasoline and ¢65 for diesel, which would take effect next month.

Today's reduction makes a big difference to the pocketbook, as it costs ¢6.840 colones less to fill a 45 litre tank with super.

In reality, what the price reduction means to the average Tico is that ¢5.000 colones of gasoline in the tank will now go further, which will mean more traffic on the already congested roads, especially during the Christmas holiday.

According to Tránsito (traffic) police, the week before Christmas downtown San Jose is extremely congested - more than normal - and now with a major gasoline price drop, the situation will be even worse.

 
Gasoline /litre Now Before Difference
Super ¢488 ¢640 - ¢152
Regular (Plus 91) ¢474 ¢624 - ¢150
Diesel ¢522 ¢609 - ¢87
Av-Gas ¢625 ¢481 - ¢144
Jet A-1 ¢514 ¢607 - ¢93
Kerosene ¢477 ¢569 - ¢92
       
Natural Gas      
8.598 L tank ¢2.759 ¢3.439 - ¢680
17.195 lL tank ¢5.518 ¢6.878 - ¢1.360
21.495 L tank ¢6.897 ¢8.598 - ¢1.701
34.393 L tank ¢11.036 ¢13.757 - ¢2.271
 
 

 

 

 
 

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