• Costa Rica Coffee Guide

Fuel prices to increase again on Thursday

May 27, 2014

The Public Services Regulatory Authority (ARESEP) approved, for a third time this month, an increase in the per-liter prices of fuel.

The hikes will take effect on Thursday, meaning drivers will pay ₡8 more for a liter of “Super” gasoline, ₡4 for “Plus,” and ₡12 for diesel.

New prices will be published on Wednesday in the official newspaper La Gaceta. At midnight on Thursday, the new per-liter prices will be: ₡786 ($1.42) for Super, ₡760 ($1.38) for Plus, and ₡689 ($1.25) for diesel.

The hike is the seventh consecutive increase approved this year, and prices this week will be the highest in the past two years.

“The global economic crisis is causing fuel prices to increase significantly. New prices will surpass those during the global economic crisis that affected the country in October 2012,” ARESEP spokeswoman Carolina Mora said.

The regulatory agency took into account changes in international prices of oil and the local exchange rate. The approval came just six days after another increase took effect.

Earlier this month, President Luis Guillermo Solís said he would request a review of the methodology used for calculating fuel prices with the aim of lowering costs for consumers. The request would be filed with the National Oil Refinery and ARESEP.

Solís acknowledged that rising fuel costs are hurting Costa Ricans’ pocketbooks.

“We will try to set a new calculation method for fuel that benefits consumers, but we know it’s a very complicated process,” Solís said at the time.

You may be interested

UN commends Costa Rica for decarbonization efforts
Climate Change
3510 views
Climate Change
3510 views

UN commends Costa Rica for decarbonization efforts

Alejandro Zúñiga - February 25, 2021

António Guterres, Secretary-General of the United Nations, on Thursday commended Costa Rica for its ongoing decarbonization efforts.  Thursday marked the…

Government updates Costa Rica decarbonization efforts
Environment and Wildlife
10538 views
Environment and Wildlife
10538 views

Government updates Costa Rica decarbonization efforts

The Tico Times - February 24, 2021

The Costa Rican government on Wednesday updated the progress of the country's decarbonization efforts. The Presidency says 90.7% of the…

Reminder: Costa Rica’s entry requirements during the coronavirus pandemic
Costa Rica
3261 views
Costa Rica
3261 views

Reminder: Costa Rica’s entry requirements during the coronavirus pandemic

Alejandro Zúñiga - February 24, 2021

Since November 1, tourists from anywhere in the world can visit Costa Rica. Visitors can arrive to Costa Rica via…