Some expats are wondering why the price of gasoline jumps around so much.
For example, Monday the price regulating agency said that super gasoline is going up 28 colons a liter and plus is going up 24 colons. At the same time diesel is going down 8 colons per liter.
As the Autoridad Reguladora de los Servicios Públicos explained, prices are determined by a formula that used international prices. This month the period for averaging the cost is from Feb. 21 to March 7. Also involved in the computation is the dollar exchange rate.
Consequently, the slightest change in international prices involving petroleum or the exchange rate will result in a chance of fuel prices here.
All of Costa Rica’s petroleum is imported, and the central government declines to permit exploratory drilling here.
The new prices will mean an increase of 21 U.S. cents per gallon for super, and an increase of 18 cents per gallon for plus. Diesel goes down 6 cents a gallon while liquid natural gas goes down a penny.
The final price at the pump will be $5.88 a gallon for super, $5.53 for plus and $4.99 for diesel. Liquid natural gas will be $2.41 a gallon when the new prices are published in the La Gaceta official newspaper.