The Public Services Regulatory Authority (Aresep) has given its approval for a decrease in the price of gasoline.

 

Aresep is the public organization in charge of setting the price of public services.

Recope, the State-owned organization responsible for importing, distributing, and pricing fuels in Costa Rica, has announced that the cost of fuels will be adjusted due to a reduction in fuel tax.

According to authorities, another factor of fuel cost is the dollar-colones exchange rate which has decreased from ₡655 per $1 in August 2022 to currently about ₡540 per $1.

The new prices will be as follows:

• Super gasoline increased to ₡721 colon per liter, about $1.33.
• Gasoline Plus 91 (regular) decreased to ₡692 colon per liter, about $1.24.
• Diesel increased to ₡590 colon per liter, about $1.

However, in the case of Liquefied petroleum gas (LPG), the price remains at ¢6,315 colon per 25 kg (55 lb) gas cylinder, about $11.48.

The new rates go into effect today since the new prices have been approved and are already published in the official government newspaper La Gaceta.

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