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

Why Costa Rica Feels Like a Safe Haven for This Longtime Expat

If someone asked me to sum up why I live in Costa Rica in 5 words or less, my answer could well be: “It...

Costa Rica’s Pride March 2025 Defies Restrictions and Celebrates Diversity

A large crowd gathered in Paseo Colón, San José, to participate in the LGBTIQ+ Pride March 2025. It began at noon, as people marched...

An Expat’s Take: 5 Burning Questions About Life in Costa Rica Right Now

Have you been keeping up with the various events taking place in Costa Rica? There is always something interesting going down, and here are...

Costa Rica Pushes USA to the Brink but Falls in Penalty Heartbreak

If you just caught the end of the USA vs. Costa Rica Gold Cup quarterfinal, you probably feel like you need another cup of...

Costa Rica Joins U.S. Global Entry, Easing Travel for Tourists

Costa Rica took a big step forward, by officially joining the U.S. Global Entry program, a move set to make travel smoother for Costa...

Panama Regains Control of Bocas del Toro After Violent Protests

Panama’s government has regained control of Bocas del Toro province after months of violent anti-government protests sparked by pension reforms, officials announced. The unrest,...
L. Arias
L. Arias
Reporter | The Tico Times |
spot_img
Costa Rica Tours
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