Gasoline prices due to take sharp drop

The government regulating agency said Monday that the price of motor fuels would take a big drop in the beginning of March.

The agency, the Autoridad Reguladora de los Servicios Públicos, said the decrease was a result of the world price of petroleum. The price now hovers around $31 a barrel.

The agency said that regular gasoline would go from 539 colons to 424 colons and that super would go from 559 to 446 colons. Diesel also would decline from 453 to 346 colons.

That would make regular gasoline about $3 a U.S. gallon.  Super would be about $3.19 a gallon, and diesel would be about $2.47.

The new prices will go into effect when they are published in the La Gaceta official newspaper.

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