Gas Prices Decrease, Taxi Fares Increase

March 3, 2006

The Public Services Regulatory Authority (ARESEP) has approved a decrease in the prices of gasoline and an increase in the price of taxi fares.

Regular gasoline will decrease today by 5.58% from ¢466 ($0.93) to ¢440 ($0.88) per liter; super gasoline will decrease by 5.12% from ¢488 ($0.98) to ¢463 ($0.93) per liter; and diesel gasoline will decrease by 6.57% from ¢335 ($0.67) to ¢313 ($0.63) per liter. Cylinders of liquid propane will also decrease by 2.85%.

The gas decrease, approved last week, is attributed to international petroleum prices.

The taxi price increase of 6% is an automatic adjustment because of inflation made at the request of the National Federation of Taxi Cooperatives (FENACOOTAXI).

The first-kilometer rates for normal sedan taxis, handicap-accessible and rural taxis will increase from ¢330 ($0.66) to ¢350 ($0.70). The rates for distances beyond the first kilometer have also increased based on the type of taxi.

The prices are the same regardless of time of day, condition of road and origin of the taxi service, ARESEP emphasized. All official red taxis should have a meter (maría).

The changes in taxi fares will go into effect once they are published in the official government daily La Gaceta – expected in the coming days.

The next adjustment in taxi prices will take place in August.

 

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