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COSTA RICA -   Saturday 09 January 2010
 

Constitutional Court Puts The Brakes On This Month's Gasoline Price Hike

We can all breathe a little easier this month, thanks to the justices of the Sala IV or Constitutional Court that put the brakes on the approved hike in the price of super gasoline that was to have taken effect next week.

Last month the Autoridad Reguladora de los Servicios Públicos (Aresep) approved a hike in gaoline prices. However, the former regulador general, Leonel Fonseca, filed an appeal with the court to stop the increase arguing the Aresep violated the rights of consumers.

Fonseca said in his filing that due to the closing of the Aresep offices during the Christmas holidays, the public did not have adequate opportunity to file complaints or their opinions on the increase.

The Sala IV, on receiving the filing by Fonseca, ordered the increase squashed while it considers the appeal. The court ordered that the current regulador, Fernando Herrera, not sign the price increase notice as requested by the Refinadora Costarricense de Petróleo (Recope), the state refinery.

Although there will not be an increase in gasoline prices this month, the Aresep said that next month's price increase will be more than usual, to make up for the squashed increase of January.

The Arespe said that it will be reviewing a price increase of ¢37 colones for a litre of super, ¢24 for regular and ¢22 for diesel, that when approved, will take effect by the middle of February.

If approved, gasoline prices next month will jump from the current ¢588 to ¢625 for a litre of super; from ¢573 to ¢597 for regular; and, from ¢511 to ¢533 for diesel.

Fonseca did not hide his joy on learning the decision of the magistrates on their decision to accept the appeal and was adamant in his statement to the press that he feels the Aresep should hold off any increases until the court rules on his appeal.

"The current mechanism, in addition that it is illegal, is inconvenient and extemporaneous because the regulador ordered a thorough review of the finances of Recope because in December 2008 it had a profit of ¢80 billion colones and in December 2009 it had a deficit of ¢17 billion colones", said Fonseca, who questioned if the state refinery took into account the 2008 surplus or not.
 
 
 

 

 


 
 
 
 

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