Gas prices in Costa Rica to remain unchanged through 2015
Despite a spike in international fuel prices in the past two weeks, prices of gas and diesel in Costa Rica will remain stable for the rest of the year, the Public Services Regulatory Authority (ARESEP) confirmed this week.
Current fuel prices in Costa Rica are the lowest since 2009, according to an ARESEP report, and will remain unchanged during December and part of January.
ARESEP’s energy department also said it’s evaluating a potential decrease in per liter gas prices for January — of ₡10 for Super gasoline and ₡9 for Plus gasoline and diesel. The proposal will be submitted for public consultation on Jan. 14 before a final resolution is issued.
The regulatory agency attributes the stability in prices and the possibility of a new decrease next year to the implementation of a new methodology for price calculation approved by ARESEP last October.
The new calculation formula takes into account the actual amount paid for fuels by the Costa Rican Oil Refinery rather than relying on reference prices for international oil.
In addition, ARESEP no longer uses the dollar exchange rate on the day it sets new prices, and instead uses the average exchange rate over the previous 15 days.
ARESEP this year approved more decreases than increases in fuel prices.
You may be interested
Central America begins ban to protect lobsterAFP and The Tico Times - February 27, 2021
Countries of Central America and the Dominican Republic on Monday will begin a ban to protect the Caribbean spiny lobster…
Costa Rica authorizes AstraZeneca vaccine against Covid-19The Tico Times - February 27, 2021
Costa Rican health authorities on Friday authorized the use of the AstraZeneca vaccine against Covid-19, based on the endorsement of…
Nearly 100 locations now offer antigen tests for travelers in Costa RicaAlejandro Zúñiga - February 26, 2021
Several countries, including the United States, require that returning travelers test negative for the coronavirus. More than 100 labs in…