Tuesday 9 August 2022

Mega-increase in fuels will take effect at midnight

Gasoline and Diesel will cost more than ¢1,000 per liter from the early hours of Friday

Paying the bills

Latest

A wet Monday is in store

QCOSTARICA - Have your umbrella at the ready this...

This week will be key to defining the future of RTV

QCOSTARICA - One of the first tasks that the...

Central Bank former president sees it unlikely that Costa Rica will fall into recession

QCOSTARICA - The possibility that the country falls into...

New ultra-low-cost airline will start operations in Costa Rica in October

QCOSTARICA - Good news if your plans to travel...

Pavas Health Area warns of dengue outbreaks in two communities

QCOSTARICA - The Pavas Health Area asked the residents...

34 people died in the last week due to Covid-19

QCOSTARICA - The Ministry of Health reported 34 people...

Government decree on vaccination is ineffective, concludes the Caja

QCOSTARICA - This is a strong blow for Casa...

Dollar Exchange

¢666.46 Buy

¢674.68 Sell

06 August 2022 - At The Banks - BCCR

Paying the bills

Share

QCOSTARICA – At the stroke of midnight tonight, at gasoline stations across the country fuels will be more expensive.

The increase will be especially strong for diesel users, a liter going from ¢873 to ¢1,004 for a rise of ¢131.

- Advertisement -

Meanwhile, regular and super gasoline will increase by ¢88: regular going from ¢993 to ¢1,081 and the super from ¢1,016 to ¢1,104.

The regulatory authority, the Autoridad Reguladora de los Servicios Públicos (ARESEP), approved the mega-increase on Monday, whose publication was this morning in the official government newsletter, La Gaceta.

According to ARESEP, the sharp increase responds to the international price of imported fuels between June and July and also to the high exchange rate.

This Wednesday, President Rodrigo Chaves assured that the high price of fuels “got out of hand” and instructed the RECOPE, Treasury and the Presidency to develop a bill to put a maximum cost on fuels, a ceiling on prices if you will.

Read more: President Chaves wants to set ‘ceiling’ on gasoline prices

To achieve this, the only way will be to lower the single tax on fuels, a decision that, according to the Treasury, will leave some items without financing; or else, it will mean the issuance of a new debt that Costa Ricans will end up paying in the future.

- Advertisement -

The President’s plan is to subsidize the cost of fuels if the price goes over ¢900 colones a liter of super and regular gasoline and ¢800 for a liter of diesel.

 

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"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.

Related Articles

President Chaves wants to set ‘ceiling’ on gasolline prices

QCOSTARICA - President Rodrigo Chaves, on Wednesday, requested a law initiative...

It’s official: Huge increase in fuel prices THIS WEEK!

QCOSTARICA - Fuel prices will rise this week, after the approval...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.