No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveGas demand, price going up

Gas demand, price going up

The price and demand for gasoline are both on the rise in Costa Rica.

The Public Services Regulatory Authority (ARESEP) announced on Friday that the price of gas will increase this month. The price of super will be raised ¢ 24 per liter, the price of regular plus will be raised ¢ 26 per liter and the price of Diesel will be up ¢ 23 per liter.     

The adjustment in prices is calculated using a scale that charts the international prices of gasoline between Oct. 29 and Nov. 12, as well as the price of the colón with respect to the dollar on Nov. 12.

The slight hike in price could have an affect on the consumption of gasoline, which was 13 percent higher in November 2009 than November 2008, according to the National Oil Refinery (RECOPE). In November 2008, Costa Rica used around 1.28 billion barrels of gasoline, while in November of this year, that amount reached a consumption of nearly 1.46 billion barrels.

The increased consumption possibly stemmed from the decrease in gas prices for the month. According to the National Statistics and Census Institute (INEC), transportation costs, which include gasoline, dropped 0.11 percent in November. Through the first 11 months of 2009, transportation costs have risen only 0.91 percent. Through the first 11 months of 2008, transportation costs rose 16.96 percent.

Trending Now

Guatemala Prisons Erupt in Violence With Guards and Workers Taken Hostage

Gang members rioted this Friday in two prisons in Guatemala and took several guards and civilian employees hostage, a week after uprisings in which...

Panama Sees Record Cocaine Flow Through Ports Bound for Europe

Panama’s President José Raúl Mulino on Tuesday criticized port concession companies in the Caribbean region of the country for the surge in drug trafficking,...

Outrage in Costa Rica After Man Suspected of Killing 14 Dogs Is Released

A man identified by the surnames Ulloa Bustos, suspected of killing at least 14 dogs in the rural town of Pocora, was released after...

San Jose Airport Achieves Top 5 Global Ranking in Passenger Experience

Juan Santamaría International Airport in San Jose, Costa Rica's main gateway managed by AERIS, has earned the prestigious Level 5 Customer Experience certification from...

Costa Rica Court Rules Uber Driver an Employee, Orders Vacation and Severance Pay

A court in Costa Rica has ruled that Uber must treat one of its drivers as an employee, not an independent contractor. The decision...

Unique Costa Rica Tours Beyond Ziplines You Should Try

I remember a time when there were no canopy zipline tours in Costa Rica. The first one didn’t open until 1997, in the cloud...
Avatar
spot_img
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica