Wednesday, 3 June 2020

Gas Price Hike Approved, Effective in April

Costa Rica would have competitive prices at regional level, "if not for the taxes on fuel paid by the final consumer are loaded", says the ARESEP.
Costa Rica would have competitive prices at regional level, “if not for the taxes on fuel paid by the final consumer are loaded”, says the ARESEP.

QCOSTARICA – The historical drop of more than ¢100 colones in gasoline prices will soon come to an end, the Autoridad Reguladora de Servicios Publicos (ARESEP) – regulating authority, on Tuesday approving an increase of between ¢13 and ¢22 colones per litre, that will take effect sometime next week.

The change is due to variations in international prices for finished gasoline and diesel products, says the regulating authority.

Some time next week, the price of a litre of regular gasoline will increase from the current ¢424 to ¢446, super gasoline will increase from ¢445 to ¢463 and diesel will go from ¢345 to ¢358.

- paying the bills -

Natural gas prices and other fuels will also increase, according to the Aresep.

With the increase, to fille a 45 litre tank of super gasoline will cost ¢990 colones more, for example.

In trying to put a positive spin on the increase, in a press release, the ARESEP said that even with the approved increase, Costa Rica would have competitive prices at regional level, “if not for the taxes on fuel paid by the final consumer are loaded”.

In the case of super gasoline the tax represents 53% of the final price; for regular gasoline 52%; and 39% in the case of diesel.

Gasoline prices in Costa Rica are fixed by the ARESEP; approved prices have to appear in the official government publication, La Gaceta within five working days of approval, and take effect the day following the publication.

- paying the bills -
- paying the bills -
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