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Sunday 20 April 2008

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Price Increases Due Tomorrow, Gasoline on Tuesday
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Price Increases Due Tomorrow, Gasoline on Tuesday
A wave of increase in consumer goods and services is around the corner and many Costa Ricans have to become creative in stretching their earnings and may have to settle to worker harder and longer hours.

Come tomorrow electricity, bus fares and taxis will all be more expensive. On Tuesday, gasoline prices hit the pocket book.

The round of increases was to have occurred last Friday, Saturday for gasoline, however the publication of the approval by the Autoridad Reguladora de Servicios Públicos (Aresep) was delayed until Monday.

Before any approved Aresep price increases can take effect they need to be published in the official government publication, La Gaceta. In the case of gasoline prices, the increase or reduction takes effect the day following the publication.

La Gaceta publishes Monday to Friday, except holidays, like May 1, Mothers Day (August 15) and September 15 if they fall during the week.

As to electricity rates the increase will range from 11% to 41%, depending on the monthly consumption. Bus fares jump from ¢15 to ¢280 colones, depending on the route. And taxi meters will charge ¢420 instead of ¢405 colones for the first kilometre, the additional mileage stays the same.

Gasoline prices take a whopping jump come Tuesday as a litre of super gasoline will cost ¢36 colones more, bringing the price at the pump to ¢601; regular jumps to ¢588 coloens, and consumer of diesel taking the biggest hit with an increase of ¢45 colones per litre.

 
 

 

 

 
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