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Friday 18 April 2008

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Price Increases Delayed Until Monday
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Price Increases Delayed Until Monday
The cost of electricity, bus fares and taxis will all go up on Monday and gasoline prices jump at the pump on Tuesday, instead of today (Friday), said the Autoridad Reguladora de los Servicios Públicos (Aresep) yesterday.

For approved prices to take effect they must first be published in the official government publication, La Gaceta.

The latest round of price increases was to have been published in today's edition, however, for reasons not explained, Aresep officials said the publication would have to wait until Monday.

In the case of gasoline prices, the new price - higher or lower - always takes effect the day following the La Gaceta publication.

Come Monday, taxi fares will just 3% as the cost of the first kilometre goes from the current ¢405 to ¢420 colones. The additional mileage cost will stay the same.

Electrical rates will jump up to 41% for high consumers of electrical energy. According to the approved rates, the increase of the cost of a Kilowatt Hour will be lower for those who consumer 200KWh or less per month and then increase for consumption of between 200KWh and 300KWh and increase sharply for consumption over 300KWh per month.

Bus fares will jump from ¢15 colones to ¢280 colones on some 720 routes across the country.

However, the biggest blow to the pocket book is the price of gasoline.

The cost of a litre of super gasoline will jump ¢36 colones, going from the current ¢565 to ¢601; regular will increase ¢35 colones, going from ¢553 to ¢588; and, diesel will see a whopping ¢45 colones increase, setting the price at ¢556 from the current ¢511.

To make matters worse, the state refinery, Refinadora Costarricense de Petróleo (Recope), has already submitted a request for more an increase of ¢18 colones for a litre of super, ¢14 for regular and ¢28 for diesel. The Aresep has yet to approve the request, though it is expected in the coming weeks and to take effect next month.
 

 

 

 

 
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