The Public Services Regulatory Authority (Aresep) has authorized a modification in fuel prices.


Aresep is the public organization in charge of setting the price of fuel requested by the Costa Rica Oil Company (Recope).


In the case of gasoline international market prices, were decreasing throughout the purchase period as U.S. oil stocks increased by 2 billion barrels, according to Recope, the state-owned company in charge of importing, distributing, and selling fuels in the country.


In terms of diesel price hikes, the continuous conflict between Israel and Lebanon drove up the price of this fuel in the international market at the time Costa Rica was negotiating its import, Recope added.


 

The new prices will be as follows:

The super brand gasoline decreased from ₡736 to ₡718 colones per liter. The new rate is around $1.38.

Plus 91 gasoline (known as regular) decreased from ₡708 to ₡686 colones per liter. It costs approximately $1.34.

 

Diesel increased from ₡601 to ₡619 colones per liter. The revised price is around $1.19.

Liquefied petroleum gas (LPG), for use in heating appliances, cooking and vehicles, increased from ₡7,199 colones to ₡7,511 colones per 25-pound gas cylinder, about $14.44.

 

The new prices become effective on Friday, August 8, after being published in the official government publication La Gaceta.

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