Gas prices could rise in Costa Rica following request from state oil refinery

May 11, 2015

Per liter prices of gas could go up again in June if a petition filed last Friday by the Costa Rican Oil Refinery (RECOPE) gets approved.

The refinery submitted a request to the Public Services Regulatory Authority (ARESEP) to raise fuel prices by ₡43 per liter of Super gasoline, ₡34 per liter of Plus gasoline and ₡35 per liter of Diesel.

If the regulatory agency approves the request, a liter of Super gasoline would cost ₡642 ($1.19), Plus gasoline will go up to ₡610 ($1.13) and Diesel to ₡513 ($0.95).

RECOPE cited a rise in international oil prices as the main reason for the hike request. According to the refinery, increases are being driven mostly by reduced oil reserves in the U.S. in recent weeks.

ARESEP will evaluate the request and then will submit it for public consultation before issuing a final ruling.

If approved, it would be the fourth consecutive hike in fuel prices, following eight cuts approved by ARESEP between 2014 and 2015.

You may be interested

Brazil sends troops after clashes at Venezuela border
Brazil
42 views
Brazil
42 views

Brazil sends troops after clashes at Venezuela border

AFP / Paula Ramon - August 21, 2018

SAO PAULO, Brazil— Brazil's President, Michel Temer, called an emergency meeting of key ministers Sunday after ordering troops to the…

Navas starts for Real despite Courtois arrival
Keylor Navas
130 views
Keylor Navas
130 views

Navas starts for Real despite Courtois arrival

AFP - August 20, 2018

MADRID, Spain—Keylor Navas held on to his place as Real Madrid's starting goalkeeper on Sunday despite the arrival of Thibaut…

Attending the Apertura: Watching a first-division Costa Rican soccer match the right way
Soccer
602 views
Soccer
602 views

Attending the Apertura: Watching a first-division Costa Rican soccer match the right way

Alejandro Zúñiga - August 20, 2018

Drums beat, a cluster of rowdy fans dances nonstop, and the concrete stands shake. The World Cup may be over,…