The monthly price fixing for petroleum will mean a 4 percent cut in gasoline prices.
The Autoridad Reguladora de Servicios Públicos announced the new prices Tuesday. Plus gasoline will go from 703 colons a liter to 674 colons, about $1.35, a drop of 24 colons or about 5 U.S. cents. Super gasoline goes from 721 colons to 691 colons, about $1.38, for a drop of 30 colons or about 6 U.S. cents.
Diesel goes from 649 colons to 632, cut a reduction of 17 colons a liter.
There are reductions across the board for petroleum products but liquid petroleum gas dropped just 2 colons per 8.5 liter tank.
The prices become effective when the new amounts show up in the La Gazeta official newspaper.
Petroleum products are the domain of the state monopoly, the Refinadora Costarricense de Petróleo S.A. The country has the highest prices in Central America.