Higher gas prices, taxi fares in Costa Rica start Friday

August 27, 2015
4 Comments

A decree setting higher taxi fares and gas prices appeared Thursday in the official newspaper La Gaceta, meaning the hikes will take effect starting Friday.

The Public Services Regulatory Authority (ARESEP) approved a ₡15 hike in taxi fares that will apply both to the first kilometer and to each additional one. The basic fare will rise from ₡630 to ₡645 ($1.17 to $1.19), while all kilometers beyond the first will go from ₡610 to ₡625 ($1.13 to $1.16).

The agency also authorized a ₡20 increase in fares for special taxi service to and from Juan Santamaría International Airport.

The approved increase resulted from an evaluation ARESEP conducts every six months which takes into consideration variations in fuel prices, exchange rate, driver’s salaries and taxes.

Fuel hikes

The approved increase in fuel prices means a liter of Super gasoline will rise from ₡676 to ₡679 ($1.25 to $1.26), Plus gasoline from ₡639 to ₡642 ($1.18 to $1.19) and Diesel from ₡477 to ₡479 ($0.88 to $0.89).

The National Oil Refinery (RECOPE) had requested a higher increase but ARESEP rejected several of the expenses cited to justify the increase, saying they were not related to fuel costs. These included some ₡20,000 million ($37 million) for RECOPE employee benefits, scholarships for children of employees, and food services, among others.

Nevertheless, the new, higher prices could be short lived. On Thursday ARESEP reported that it is currently evaluating a decrease in fuel prices that, if approved, would lower per-liter prices by ₡43 for Super gasoline, ₡39 for Plus gasoline and ₡28 for Diesel.

Facebook Comments

You may be interested

Slothy Sunday: Just hanging out
Sloth Sundays
13 views
Sloth Sundays
13 views

Slothy Sunday: Just hanging out

Alejandro Zúñiga - May 26, 2019

Last week, Denise Gillen, a sloth nanny from the Toucan Rescue Ranch, shared the story of Bon Jovi, a sloth…

Twice as nice: Güity wins second gold at Grand Prix
Costa Rica
17 views
Costa Rica
17 views

Twice as nice: Güity wins second gold at Grand Prix

Alejandro Zúñiga - May 25, 2019

A day after he placed himself atop the world rankings with his time in the 200-meter T64 at the 2019…

Costa Rica obtains $500 million from CAF for fiscal support
Costa Rica
46 views
Costa Rica
46 views

Costa Rica obtains $500 million from CAF for fiscal support

AFP and The Tico Times - May 25, 2019

The Development Bank of Latin America (CAF) on Friday granted a $500 million credit to Costa Rica to support the…

Do NOT follow this link or you will be banned from the site!