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Fuel prices to drop slightly in upcoming month

August 25, 2014

The Public Services Regulatory Authority (ARESEP) on Monday confirmed that there will be a reduction of per-liter prices of gasoline, diesel and liquid petroleum gas (LPG).

The decrease means that “Super” gasoline will cost ₡36 less, “Plus” gasoline ₡30, diesel ₡1 and LPG users will pay ₡4 less. That means the “Super” gasoline will cost ₡774 ($1.45) per liter, “Plus” will cost ₡752 per liter, diesel will cost ₡666 ($1.25) per and liter and LPG will cost ₡330 ($0.60) per liter.

The decision corresponds to ARESEP calculations that take into account international prices of oil and the exchange rate with the dollar. Although the exchange rate increased by ₡3 in the last 15 days, oil prices showed a decrease.

This is the second fuel price drop this year. However ARESEP has approved seven increases in the same period. New prices will take effect at midnight on the day it’s published in the official newspaper La Gaceta.

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