The Public Services Regulatory Authority (Aresep) has given its approval for a increase 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 fuel importation, distribution and pricing in Costa Rica, explained the adjustment in fuel prices due to increased operational costs.

According to authorities, the increase is obligatory despite the dollar-colones exchange rate decreasing from ₡646 per $1 in Sept. 2022 to currently about ₡539 per $1. Fuel import costs are calculated in U.S. dollars.

The new prices will be as follows:

• Super gasoline increased to ₡787 colon per liter, about $1.45.

• Gasoline Plus 91 (regular) increased to ₡744 colon per liter, about $1.37.

• Diesel increased to ₡634 colon per liter, about $1.17.

• Liquefied petroleum gas (LPG) increased to ₡6,779 colon per 25 kg (55 lb) gas cylinder, about $12.55.

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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