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Insidecostarica.com - San José, Costa Rica  - Thursday 31  August  2006

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No Joke, Gasoline To Drop Again
No joke, gasoline prices will keep falling, says the Refinadora Costarricense de Petróleo (Recope), who yesterday filed a request with the Autoridad Reguladora de los Servicios Públicos (Aresep) for a reduction of ¢32 colones a litre, for both super and regular.

Gasoline prices dropped yesterday and within two weeks they will fall again.

The Aresep has 15 days to study the request and then published in the official government publication within 5 days. However, as has been the case in the few times gasoline prices were reduced, the Aresep decision can come as early as Monday, meaning prices could be changed at the pumps by as early as the end of next week.

Recope is the state monopoly on oil refinery and gasoline distribution and the Aresep is the government regulator of public prices and services. The prices at the pump are set by Recope but need the Aresep approval. The price of gasoline is the same at all gas stations around the country.

Once the new prices are approved, a litre of super gasoline will drop from the current price of ¢580 to ¢547 and regular will drop from the current ¢553 to ¢520. Diesel fuel prices are not affected in the request and will hold at ¢383 colones per litre.

One approved, this will be second price drop this year - the second in a row - following a series of increases that brought the price of a litre of gasoline to almost  ¢600 colones per litre.



 
   

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