QCOSTARICA — The price per liter of super gasoline at the pumps would rise by ¢26 in February, while regular gasoline and diesel fuel will drop ¢8 per liter and ¢24, respectively.
This was projected by the Energy Administration of the regulatory authority, the Autoridad Reguladora de Servicios Públicos (Aresep), after analyzing the purchase and import data provided by Costa Rica’s refinery that refines nothing, the Refinadora Costarricense de Petróleo (Recope).
The analysis of the regulatory entity, dated January 23 of this year, will be submitted to public consultation in the coming days.
Other fuels such as propane, kerosene and aviation fuels, among others, will see changes in prices.
If there are no major setbacks, the adjustment proposal will come into force in the coming days once it is published in the official newspaper La Gaceta.
These were the usual suspects, sorry, main considerations of the regulatory entity, after analyzing the data provided by Recope:
- The dollar exchange rate.
- The international market experienced great volatility during the study period. According to the U.S. Energy Information Administration, it indicated that inventories of distillates increased in the first week of December, favoring supply levels.
- Saudi Arabia decided to lower prices due to increased competition in production and increased oil supply, this has been the lowest price in the last 27 months.
- In addition, manufacturing indices have shown a contraction in the United States, the Eurozone, and China, which has contributed to the decrease in price.