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Gasoline Cheaper Today
If you haven't heard the news,
gasoline prices are cheaper
today, following the third
consecutive fall in prices in
the past month.
A litre of super gasoline will
cost you ¢528 and ¢501 colones
for regular.
The good news is even better as
diesel prices will soon come
down as well, as the Refinadora
Costarricense de Petroleo S.A. (RECOPE)
has requested a decreased for
that fuel as well.
However, this may be a temporary
price level, remembering that in
a short time gasoline prices
shot up to nearly ¢600 colones
for a litre of super, earlier
this year.
The fluctucation is
unpredictable, as the RECOPE
sets its prices based on the
world market price for crude
oil.
Gasoline prices are the same at
all gas stations around the
country. RECOPE sets the sale
price of the product which has
to then be approved by the
Autoridad Reguladora de
Servicios Públicos (ARESEP),
before it can go into effect.
In this price reduction, the
ARESEP, gave the approval within
hours instead of the traditional
days. ARESEP regulations are
that the regulator of public
prices has up to 15 days to
decide on a request on any
changes to the price of a public
service, like gasoline, taxis
and bus fares, for example,
which notice then is required to
be published in the official
government publication within
five days.
In this case, the approval and
publication was within less than
a week, a record for the
regulator and a positive sign of
things to come from the new
government of Oscar Arias.
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