Gas prices to go up this week

March 2, 2015

The Public Services Regulatory Authority approved an increase in fuel prices that will raise the per-liter price up to ₡42 later this week.

The increase is the first this year and comes after eight consecutive cuts approved since July.

The newly-approved hikes mean the per-liter price of Super gasoline will rise from ₡536 to ₡570, Plus from ₡503 to 545 and diesel from ₡474 to ₡493.

The new prices will go into effect at midnight following publication in the official newspaper La Gaceta, expected to occur later this week.

The National Oil Refinery said the price hikes were necessary because international fuel prices have gone up, and because maintenance work at U.S. refineries have caused a decrease in fuel production.

Authorities also said that several strikes at refineries are affecting prices for other countries.

The first decrease this year, approved on Jan. 15, was the most significant since 2010.

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