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.

Facebook Comments

You may be interested

Costa Rica recognizes Juan Guaidó as President of Venezuela; Maduro severs ties with US, expels diplomats
News
1332 views
News
1332 views

Costa Rica recognizes Juan Guaidó as President of Venezuela; Maduro severs ties with US, expels diplomats

Alexander Villegas and AFP - January 23, 2019

Costa Rica recognized Juan Guaidó as the president of Venezuela. Guaidó, the head of Venezuela’s national assembly, declared himself acting…

Uber: Proposed law a start, but ‘far from a proposal that encourages innovation’
Uber
579 views
Uber
579 views

Uber: Proposed law a start, but ‘far from a proposal that encourages innovation’

Alejandro Zúñiga - January 23, 2019

Uber on Wednesday issued a press release criticizing the Costa Rican government's proposed law that would formally legalize ride-sharing platforms…

Costa Rica proposes law to legalize (and tax) ride-hailing app Uber
Costa Rica
731 views
Costa Rica
731 views

Costa Rica proposes law to legalize (and tax) ride-hailing app Uber

Alejandro Zúñiga - January 23, 2019

Uber’s questionable legal standing in Costa Rica may soon reach a resolution. The country’s Executive Branch on Tuesday proposed a…