Aresep has approved a fuel reduction of ₡38 per liter of super, ₡39 for regular, and ₡63 for diesel. These reductions bring the price to ₡606 per liter of super, ₡583 for regular, and ₡498 for diesel.
When filling a 45-liter tank, drivers will save ₡1,755 if they use super, ₡1,800 if they use regular, and ₡2,835 if they use diesel. The new rates will become official and be applied sometime this week.
This follows a request Recope made on February 14 to reduce the cost. It was found that the market was greatly affected by a 20% drop in daily demand in China, due to the coronavirus outbreak.
The extraordinary adjustment was approved because the Covid-19 substantially reduced the demand in China, which in turn impacted the world market for both oil and its derivatives.