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

Panama Allows First Quantum to Export Copper Despite Court Shutdown

The President of Panama, José Raúl Mulino, said on Thursday that he authorized a Canadian-owned mine, which was shut down by the courts in...

Costa Rica Coffee Exports to Europe Surpass U.S. For The First Time

For the first time in history, Costa Rica exported more coffee to Europe than to the United States in 2024, marking a significant shift...

30 Years in Costa Rica and Heading to a High School Reunion

I am planning on attending my high school reunion this year, which means I will be seeing people I haven't seen in decades, and...
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