The Autoridad Reguladora de los Servicios Públicos has decreed a slight reduction in the price of motor fuels for August. The reduction is based on a complex formula that includes the dollar exchange rate and the New York price of petroleum from June 23 to July 7. Costa Rica imports all its petroleum.
Super gasoline is going down 6 colons or about 1.2 cents per liter. Plus gasoline is decreasing 8 colons or about 1.6 U.S. cents per liter, and diesel is being reduced 17 colons or 3.4 cents per liter. There are similar reductions for other petroleum products including liquid petroleum gas used by many Costa Ricans for cooking and hot water.
The regulating agency said it expected the new prices to go into effect in about five days after the decree is published in the La Gaceta official newspaper.
The liter price of super will be 706 colons, about $1.41. Plus will be 683 or $1.37 per liter, and diesel will be 634 per liter, about $1.27 a liter. There are 3.785 liters in a U.S. gallon, so the gallon price will be super, $5.34; plus, $5.17, and diesel $4.80, based on a 500-colon exchange rate to the U.S. dollar.