¢149 Drop In Gasoline
Prices Coming
The reduction in the
price of crude oil on
international markets
will soon be felt in
Costa Rica, but not just
yet, as the method
applied to set gasoline
prices at the pumps
means a delay of 30 to
60 days, explained the
director de servicios de
energía de la Aresep,
Álvaro Barrantes.
Next Friday, the state
refinery, the Refindora
Costarricense de
Petroleo S.A. (Recope)
makes its monthly
gasoline price
adjustment request,
which takes some 30 days
before it goes into
effect after being
published in the
official government
publication, La Gaceta.
Barrantes explained that
the mechanism currently
in place to set gasoline
prices take time as the
Autoridad Reguladora de
Servicios Publicos (Aresep)
allows the state
refinery one request a
month (every second
Friday of the month) and
takes time between the
request, approval and
change at the pumps.
Barrantes added that,
depending on prices on
international markets up
to November 14 (the
Recope request),
gasoline prices could
drop as much as ¢149
colones for a litre of
super, ¢142 for regular
and ¢92 for diesel.
The lower prices will
mean a much needed
relief to fuel prices
which have set records
during the past several
months, with continue
increases.
Barrantes added that bus
fares, unless foreseen
conditions change, will
come down 5% to reflect
the expected drop in
gasoline prices.
The drop in gasoline
prices could also see a
lower increase of the
33% hike for electrical
rates requested by ICE. |
