Saturday 11 October 2008, San José, Costa
Rica
Gasoline Price Drop
Approved
Chinchilla One
Step Closer To The PLN Nomination
Buyers Market in Costa
Rica
Majority of Costa Ricans
Want The New Stadium
Preliminary
Hearing Ends In Alcatel-ICE Case
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Gasoline Price Drop
Approved
The drop in the price of
crude oil international
martket will soon be
felt in Costa Rica, as
gasoline prices begin to
drop. For the moment at
least.
Friday, the Autoridad
Reguladora de los
Servicios Públicos (Aresep)
- regulating authority
of public prices and
services - approved a
drop of ¢47 colones in
the price of a litre of
regular gasoline and not
the ¢21 colones
requested by the state
monopoly on gasoline
products, the Refinadora
Costarricense de
Petróleo (RECOPE).
In addition, the price
of a litre of super will
drop ¢39 colones, more
than double the ¢14
RECOPE request
The second Friday of
each month, RECOPE has
the right to ask for an
adjustment in the prices
of fuel. In the last
several months the only
changes have been on an
upward spiral, save for
a slight approved last
month and to take effect
next week.
On Tuesday the price of
a litre of gasoline will
drop from the current
¢721 to ¢708 a litre and
then to ¢661 next month
when yesterday's approve
takes effect.
Super will do the same,
dropping on Tuesday from
the current ¢736 to ¢722
and the to ¢683 next
month.
Both RECOPE and the
Aresep coincided on the
drop in the price of
diesel fuel, the
regulating authority
approving the refinery's
request of a ¢45 colones
drop.
Diesel sells today at
the pumps for ¢725
colones a litre and will
drop to ¢605 by the
middle of November when
the total of ¢76 colones
drop takes full effect.
What the price drop
means in real terms to a
consumer is a savings of
¢2.700 (us$4.90) to fill
a 45 litre tank with
regular gasoline.
This is the second time
in a row that the Aresep
has approved price
changes different than
that requested by RECOPE.
The regulating authority
said it rejected
RECOPE's calculations
for price changes and
its blame on hurricanes,
like IKE in the Gulf of
Mexico, to keep prices
high.
Without a doubt RECOPE
said it would be
appealing the Aresep
decision. |
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