Saturday 4 February 2023

ARESEP Accepts Mistake, But We All Pay!

Paying the bills


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4 February 2023 - At The Banks - BCCR

Paying the bills


The ARESEP, the regulator of public prices and services, admitted to making a wrong calculation in the margin (profit) of gasoline retailers, a mistake that will see fuel prices increase ¢9 colones a litre.

gasolina-6a52x300On Tuesday, the regulating body said that fixing the mistake involves annulling the ¢4 colones per litre drop that took effect last Friday and increasing prices by ¢5 colones per litre for a period of 22 months.

The correction will see the cost of a litre of super gasoline go to ¢747 instead of the current ¢738; plus or regular gasoline would increase to ¢707 from ¢698; and diesel fuel to ¢624 from ¢615.

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The decision was announced on Tuesday by Juan Manuel Quesada, head of the Autoridad Reguladora de los Servicios Públicos (Aresep), who said that despite not being directly responsible for the calculations, assumes the responsibility for the mistake.

With the correction the margin for gasoline stations increases from ¢39 colones per litre to ¢47.

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Paying the bills
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"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

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