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Gasoline, Buses, Taxis,
Bread & Rice Prices To
Go Up This Week
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Gasoline, Buses, Taxis,
Bread & Rice Prices To
Go Up This Week
In addition to rising
gasoline prices next
week, take the bus or
taxi will cost more, so
will the cost of rice,
bread and electricity.
The latest round of
price hikes was approved
by the Autoridad
Reguladora de los
Servicios Públicos (ARESEP),
the government agency
that regulates public
prices and services.
The Aresep approved
hikes on 72 bus routes
ranging from ¢5 to ¢280
colones, taxi meters
will start charing an
extra ¢15 colones for
the first kilometre
increasing the base rate
to ¢420, but keeping the
additional mileage rate
the same.
Gasoline prices will
jump ¢36 colones more
for a litre of super,
¢35 for regular and ¢45
for diesel. The increase
is based on the approval
given for last month's
increase request by the
state refinery, RECOPE.
The price increase at
the pump is expected for
Saturday.
If that weren't enought,
RECOPE on Friday
submitted its latest
increase request, as it
does every second Friday
of the month. The
request, when approved,
will see gasoline prices
jump another ¢18 colones
a litre for super, ¢14
for regular and ¢28 for
diesel. Although the
approval for that
request is expected in
the coming week, the
hike will not hit the
pumps until next month.
And if that weren't
enough, readn on.
This coming week the
recently approved hike
in electrical rates
kicks in. Customers who
use 200kwh hours or less
per month will pay 11%
more for energy
consumption, while
customers consuming
between 200Kwh and
300Kwh will pay 14% and
those consumer more than
300Kwh per month will
pay a whopping 41%
increase.
The wave of price
increases is also
hitting the family
dining table as the cost
of milk just saw an
increase of between ¢15
and ¢20 colones per
litre and this week
bread prices will
increase ¢60 colones,
while rise will see a
jump of ¢20 colones per
kilogram.
What worries economists
of the latest round of
consumer price increases
is that salaries have
not increased
sufficiently to
compensate for the
consumer goods price
adjustments. |
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