No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeTopicsBusinessGas prices go up again

Gas prices go up again

Recent good news for drivers lasted less than a month as per-liter prices of “Super” and “Plus” gasoline on Saturday increased by ₡5. Diesel increased ₡3.

The Public Services Regulatory Authority (ARESEP) last month approved a price decrease – the second this year – but Saturday’s was the eighth increase of 2014.

A liter of “Super” gasoline now costs ₡779 ($1.46), while “Plus” costs ₡757 ($1.42) and diesel ₡669 ($1.25).

The new prices follow an update of the Fuel Tax, which is calculated based on an inflation report issued quarterly by the Finance Ministry.

Cooking gas prices also were affected. According to prices ARESEP published in the official newspaper La Gaceta, an 8.5-liter cylinder increased from ₡3,339 to ₡3,348 ($6.25-6.26), while a 17-liter cylinder jumped by ₡17 to ₡6,695 ($12.53).

The Finance Ministry collects the Fuel Tax to fund public programs by redistributing 66.4 percent of the revenue among several agencies. The remaining 33.6 percent is sent to the National Roadway Council to fund road repairs and the Agriculture and Livestock Ministry for reforestation projects.

According to a consumer report published earlier this month by the Central American Committee for Cooperation on Hydrocarbons, Costa Rica is the most expensive country in Central America for fuel.

Popular Articles

Costa Rica’s Wildlife Refuge at Risk: International Conservation Standards Violated

Ariel Robles, deputy of the Frente Amplio, denounced the Costa Rican State before the Ramsar Convention for alleged illegal actions committed in the Gandoca-Manzanillo...

USA And Germany Take Top Honors At Costa Rica Coffee Bowl Tennis Tournament

Last week marked the 60th edition of the traditional Copa del Café (Coffee Bowl). This junior tennis tournament is held at the Costa Rica...

Costa Rica Legend Keylor Navas Joins Argentine Club Newells Old Boys

Veteran Costa Rican goalkeeper and legend Keylor Navas, with previous stints at Real Madrid and PSG, among others, will play in Argentine football for...
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

Latest Articles