Costa Rica Blogs - Newsfeeds

Gas prices continued to decline yesterday as the Public Services Regulatory Authority (ARESEP) approved the third price reduction so far this year, according to a statement from ARESEP.

Meanwhile, a previous approved decrease went into effect today. The price of one liter of super gas dropped from ¢488 ($0.95) to ¢475 ($0.92), while one liter of regular gas dropped from ¢460 ($0.89) to ¢447 ($0.87). Additionally, the price of one liter of diesel fuel dropped from ¢364 ($0.71) to ¢349 ($0.68), according to an ARESEP statement.

The third reduction will bring the price of super gas down to ¢453 ($0.88) per liter, regular gas to ¢425 ($0.83) per liter and diesel to ¢335 ($0.65) per liter, the statement said. These prices will go into effect as soon as they are published in the official government daily La Gaceta. ARESEP planned to send the approval to the National Printer today.

Falling gas prices are reflective of trends on international markets, the statement said. Unseasonably warm temperatures in some parts of the United States have decreased the demand for fuels, causing prices to drop.

-Tico Times

This entry was posted on Thursday, January 18th, 2007 at 2:19 pm and is filed under Business and Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.