ARESEP Approves Increase in Fuel Prices and Bus Fares

The fuel prices had a record price in Costa Rica following the approval of an increase by the Regulatory Authority for Public Services (ARESEP). Also on Wednesday they announced a 11.20 percent increase in bus fares.

The liter of regular gasoline goes up 29¢ to 735 colones while the super goes up 22¢ to 746¢ and also the diesel is up 22 to 667 colones.

Carolina Mora, ARESEP spokeswoman, explained that this is a historical price adjustment justified by local and international prices for gasoline, which during the last quarter showed an upward trend.

The adjustment in fees for buses covered 3.557 to 696 routes, of which 104 will not change.

According to Mora, the initial proposal was an average increase of 13.82 percent, but excluded the routes where the title was not found enabling force for service in the list provided by the Public Transport Council to ARESEP. This caused a drop of more than 2% in the setting.

The increase in gasoline drives and supports the rising bus fares.

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