Costa Rica (still) has the most expensive gas prices in Central America

September 1, 2014

Although the Public Services Regulatory Authority (ARESEP) last week approved a decrease in gas prices, Costa Rica still is the most expensive country in Central America for fuel, according to the latest consumer report by the Central American Committee for Cooperation on Hydrocarbons.

According to the committee’s August report, a gallon of “Super” gasoline in Costa Rica costs $5.63, while “Plus” is $5.43 and diesel is $4.63.

Following Costa Rica were El Salvador, Guatemala, Honduras, Nicaragua and Panama. In Panama, motorists pay $4.05 for a gallon of “Super” gasoline, $3.91 for “Plus” and $3.64 for diesel.

The study compares data from these countries based on the official rates for each month. Prices are compared with the equivalent per-gallon prices in dollars.

ARESEP sets fuel prices in Costa Rica using a monthly calculation formula that takes into account international prices of oil and the exchange rate with the dollar. The report states that the country’s 29 percent gas tax also affects the price. 

Last week’s price decrease was the second this year, while the agency has approved seven increases in the same period.

Gas prices per gallon, Aug. 2014

Source: Central American Committee for Cooperation on Hydrocarbons

 

 

You may be interested

Ocean-gazing under the dome
Photos & Video
4175 views
Photos & Video
4175 views

Ocean-gazing under the dome

Katherine Stanley - October 17, 2017

Renowned Costa Rican pianist and composer Manuel Obregón, artist Carlos Hiller, underwater photographer Simón Bolivar, LUZ ART and the Children's…

Día de las Culturas/Columbus Day: a brief, incomplete guide
Global
1019 views
Global
1019 views

Día de las Culturas/Columbus Day: a brief, incomplete guide

Jill Replogle - October 16, 2017

Happy Día de las Culturas (Cultures Day), Columbus Day, Día de la Raza (Race Day, loosely translated), Indigenous Peoples Day,…

Costa Rica’s cement scandal isn’t over, but public trust is unquestionably damaged
Op-Ed
1599 views
Op-Ed
1599 views

Costa Rica’s cement scandal isn’t over, but public trust is unquestionably damaged

The Tico Times - October 16, 2017

The summary we published three weeks ago about the Chinese cement affair is now in the past, because every day…