Gasoline Prices To Drop Next Week, But Not As Much Due To Increase in Tax
October 29th, 2009 | by admin |Next week the price of a litre of gasoline will drop ¢11 colones and not the expected ¢14 colones, while the price of a litre of diesel full jumps up ¢4 colones.
A higher drop in gasoline prices had been approved by the Autoridad Reguladora de Servicios Públicos (Aresep) to take effect in November.
However, the implementation of the “impuesto único de los combustibles” (tax on gasoline prices) of 1.69% means prices will not be as low as expected and in the case of diesel the increase higher.
Beginning next week, the price of super gasoline will drop from the current ¢575 to ¢564, regular from ¢558 to ¢547 and diesel will jump from ¢484 to ¢488.
The prices have not to wait publication in the official government newsletter, La Gaceta, to take effect the day following publication, which is expected next week.
The ministerio de Hacienda explained that the tax increase is an adjustment for inflation.
