Higher gas prices, taxi fares in Costa Rica start Friday
A decree setting higher taxi fares and gas prices appeared Thursday in the official newspaper La Gaceta, meaning the hikes will take effect starting Friday.
The Public Services Regulatory Authority (ARESEP) approved a ₡15 hike in taxi fares that will apply both to the first kilometer and to each additional one. The basic fare will rise from ₡630 to ₡645 ($1.17 to $1.19), while all kilometers beyond the first will go from ₡610 to ₡625 ($1.13 to $1.16).
The agency also authorized a ₡20 increase in fares for special taxi service to and from Juan Santamaría International Airport.
The approved increase resulted from an evaluation ARESEP conducts every six months which takes into consideration variations in fuel prices, exchange rate, driver’s salaries and taxes.
The approved increase in fuel prices means a liter of Super gasoline will rise from ₡676 to ₡679 ($1.25 to $1.26), Plus gasoline from ₡639 to ₡642 ($1.18 to $1.19) and Diesel from ₡477 to ₡479 ($0.88 to $0.89).
The National Oil Refinery (RECOPE) had requested a higher increase but ARESEP rejected several of the expenses cited to justify the increase, saying they were not related to fuel costs. These included some ₡20,000 million ($37 million) for RECOPE employee benefits, scholarships for children of employees, and food services, among others.
Nevertheless, the new, higher prices could be short lived. On Thursday ARESEP reported that it is currently evaluating a decrease in fuel prices that, if approved, would lower per-liter prices by ₡43 for Super gasoline, ₡39 for Plus gasoline and ₡28 for Diesel.
You may be interested
U.S. Embassy tweet of supposed tsunami causes alarm in El Salvador, Central AmericaAFP and The Tico Times - November 11, 2019
A tweet that warned of a potential tsunami on the Pacific coast caused alarm Monday in El Salvador, where President…
Their future in the United States at stake, ‘Dreamers’ trek to Supreme CourtAriela Navarro / AFP - November 11, 2019
Carolina Fung Feng was resting after the grueling 230-mile walk from New York to Washington for a Supreme Court hearing…
Exciting new opportunity for Costa Rica buyers and sellersThe Tico Times - November 11, 2019
Bid on three unique Costa Rica properties. You Have Until Tuesday, November 12, 2:00 P.M. Here is some brief background…