Petroleum prices going up, regulating agency decrees

Super gasoline will go up 17 colons to 755 colons a liter, and plus gasoline will go up 21 colons to 729 per liter.

That was the word Thursday from the nation’s price regulating agency, which sets gasoline costs every month based on the world price of petroleum, the dollar exchange rate and other factors.

There were similar increases for other petroleum products.

Using the exchange rate applied by the Autoridad Reguladora de Servicios Públicos of 500.64, a gallon of super will cost $5.71. Plus will be $5.51, and diesel will be $4.79 after a 10-colon per liter increase.

The rates take effect when the new prices are published by the la Gaceta official online site. About a third of the price of fuel is taxes.

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