No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeTopicsBusinessFuel, public transportation likely to see a hike in prices in coming...

Fuel, public transportation likely to see a hike in prices in coming weeks

Two hikes in the per-liter price of fuel could hit drivers’ pocketbooks this month, and taking a bus or a taxi won’t help save much money, as those rates are set to increase as well.

The first increase in fuel prices could be approved in the second half of the month and would mean a ₡26 increase in the per-liter price of “Super” gasoline, a ₡25 increase for “Plus” gasoline, and a ₡19 increase for diesel.

The National Oil Refinery (RECOPE) also has requested a hike in profit margins on fuel prices, as set by the Public Services Regulatory Authority (ARESEP). If approved, fuel prices would jump again this month by 47 percent. ARESEP, however, rejected a similar request from RECOPE last year.

The regulatory agency also is studying a request for a ₡10 increase in taxi fares, which could be approved later this month. If it moves forward, the base taxi fare will increase from ₡605 to ₡615 ($1.14-1.16). In addition, cabs providing service to Juan Santamaría International Airport, outside the capital, could increase base fares by ₡40.

ARESEP also is evaluating an increase in bus fares for routes across the country. If approved, those hikes could take effect in early April. The increases would total about 1 percent on average, the agency reported.

ARESEP officials currently are preparing public hearings to allow citizens opposed to the increases to express their opinions.

Trending Now

Costa Rica Tops Latin America in Attracting Foreign Millionaires

Costa Rica is a country that attracts millionaires. Projections indicate that by the end of 2025, a total of 350 foreign millionaires will have...

Costa Rica’s Poás Volcano Park Reopening to Tourists With Safety Measures

The Poás Volcano National Park will reopen its doors to tourism starting July 30, after  scientific entities reported a decrease in volcanic activity. This was...

Keylor Navas Joins Pumas After Controversial Exit from Newell’s

Costa Rican goalkeeper Keylor Navas is officially the newest player for Pumas UNAM, but his move from Argentina’s Newell’s Old Boys has been anything...

Can Costa Rica’s Blue Zone Preserve Its Longevity Legacy?

The Nicoya Peninsula in Costa Rica is recognized worldwide as one of the five blue zones, where people live beyond the age of 90...

Keylor Navas Joins Pumas UNAM in Major Liga MX Transfer

Keylor Navas has agreed to become the new goalkeeper for Pumas UNAM, marking one of the biggest signings in recent Liga MX history. The...

Venezuela Accuses El Salvador of Torturing Deported Migrants From U.S.

Sexual abuse, daily beatings, rotten food: The government of Nicolás Maduro on Monday denounced “torture” against Venezuelan migrants sent by the United States to...
L. Arias
L. Arias
Reporter | The Tico Times |
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