The price regulating agency has approved a reduction of 72 colons (about 13 U.S. cents) in super gasoline and one of 66 colons (about 12 cents) per liter in the price of so-called plus gasoline. Diesel is being cut by 95 colons (17 cents) a liter.
The new prices will be 416 colons (75 cents) per liter of super, 408 (74 cents) for plus and 427 (77 cents) for diesel when the new prices are published in the la Gaceta official newspaper. The super price is $2.84 per U.S. gallon.
The new prices are based on the market price of petroleum from Dec. 25 to Jan. 8, the agency, the Authoridad Reguladora de Servicios Públicos, said. The agency added that the prices were higher because of the increase in world prices due to the conflict in the Mideast.
There were similar reductions in liquid gas and jet fuel.