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Friday, January 29th, 2016  |  USD: Buy 531.29 / Sell 543.92
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Costa Rica gasoline prices to drop by more than 10 percent for October

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(Archive/stock)

(Archive/stock)

September 29th, 2015 (ICR News) Gasoline prices will drop more than 10 percent beginning in October after regulator ARESEP approved the lower prices on Monday.

 

The price of premium (“super”) gasoline will fall ¢72 per liter from ¢635/liter (about $4.49/gal) to ¢ 563/liter (about $3.98/gal), while regular gasoline will fall ¢63/liter from ¢603/liter (about $4.29/gal) to ¢540/liter ($3.82/gal).

 

Unfortunately for those who drive diesel vehicles, however, the cost of diesel will actually increase slightly by ¢7/liter.

 

Regulators said that the price reductions are the result of a fall in international fuel prices and a stable exchange rate.

 

The new prices are expected to take effect Thursday or Friday, the day after the prices are published in the official La Gaceta.

 

*Dollar price estimates based on an average exchange rate of ¢535 to $1. 

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  • costarick

    Perhaps RECOPE is reacting to the march held against it in downtown San Jose last Saturday. The significance of the march is highlighted in today’s Editorial in the La Nacion newspaper.

    • http://insidecostarica.com/ Timothy Williams

      Actually, RECOPE had already requested the price decrease on September 11th.

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