Regulatory agency suspends decrease in fuel prices
The board of the Public Services Regulatory Authority (ARESEP) on Thursday night suspended a reduction in the per-liter prices of gasoline and diesel, pending the resolution of an appeal filed by a gas station owner.
The decrease of ₡5 for super and plus gasoline, and of ₡6 for diesel, was approved Monday and would enter into force once published Friday in the official newspaper La Gaceta.
Chamber of Fuel Businesses President Antonio Galva said they suspended a strike called for next week, which would have affected thousands of travelers expected to take advantage of the Easter Holy Week holiday.
He added that “we are open to negotiate with ARESEP, and to provide all required information for making the calculations for setting the appropriate prices.”
ARESEP had set the decrease after ruling the profit margin of gas station owners was too high.
You may be interested
News briefs: WHO says Costa Rica facing community transmission of coronavirus
The Tico Times - July 10, 2020The coronavirus crisis has transformed life in Costa Rica, which has enacted measures to protect the capacity of its health…
Is it worth the trouble to get dental implants in Costa Rica?
Frank Clemmons / Costa Rica Dental Implant Institute - July 10, 2020A dental implant is a minor, standard surgery and requires preparation, tests and an assessment to determine if you are…
Costa Rica expects fiscal deficit to increase to 9.7% of GDP due to pandemic
The Tico Times - July 10, 2020The Costa Rican government predicts a fiscal deficit of up to 9.7% of GDP as a result of falling revenues…
