The price of super gasoline will crack the 700-colon- per-liter ceiling when new prices go into effect in about five days.
The Authoridad Reguladora de Servicios Públicos approved a 28 colon increase in super from 681 to 709 per liter. The new prices are based on costs between March 24 and April 7, said the authority.
In U.S. dollars the price increases mean that super goes from $5.13 a gallon to $5.34 a gallon, and plus goes from $5 to 5.18 a gallon.
The authority approved just a two-colon increase in a liter of liquid petroleum gas, which is used extensively for cooking. the new price is 370 a liter or about 74 U.S.
cents. This product usually is sold in tanks beginning at about eight liters.
Aviation gas is going up 20 cents a gallon to $6.43, and jet fuel is going up nine cents to $4.61.
Prices are based on the U.S. dollar exchange rate of 502.5 colons.
The new prices take effect when they are published in the La Gaceta official newspaper.
Costa Rica produces no petroleum, and all products used here are imported and pass through the government monopoly of the Refinadora Costarricense de Petróleo, S.A. Although the country may have extensive petroleum deposits off the Caribbean coast, international companies have been prohibited from exploration there.