Costa Rica's Public Services Regulatory Authority (ARESEP) will now take into account the actual amount paid for oil by the Costa Rican Oil Refinery (RECOPE) when calculating the price of fuel at the pump, rather than relying on reference prices for international oil.
The Public Services Regulatory Authority is evaluating a general cut in electricity rates starting next month, but three public utility companies have filed requests to raise them.
A reduction would bring taxi fares closer to those offered by Uber. Costa Rica President Luis Guillermo Solís has said Uber is operating illegally in the country.
An evaluation by the Public Services Regulatory Authority found that 61 percent of propane cylinders currently in use lack appropriate information and 23 percent have some kind of physical damage.
Costa Rica's publicly-owned National Power and Light Company is requesting an increase in electricity rates that could raise basic rates for its customers by 36 percent.
The Public Services Regulatory Authority (ARESEP) approved a ₡15 hike in regular per-kilometer taxi fares and a ₡2 to ₡3 increase in per-liter fuel prices.
