Costa Rica cancels $1.2 billion Chinese refinery project
Business
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Business
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Costa Rica cancels $1.2 billion Chinese refinery project

Zach Dyer - April 14, 2016

Costa Rica’s National Oil Refinery (RECOPE) has canceled a $1 billion-plus oil refinery project, according to a statement released Thursday afternoon. The joint venture project was supposed to…

Fuel prices in Costa Rica to remain stable through 2016, says RECOPE
Business
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Business
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Fuel prices in Costa Rica to remain stable through 2016, says RECOPE

L. Arias - December 15, 2015

The Costa Rican Oil Refinery (RECOPE) delivered motorists good news as its most recent projections say fuel prices next year will remain similar to those registered this month. RECOPE’s…

Gasoline prices may drop again in October
Business
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Business
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Gasoline prices may drop again in October

L. Arias - September 7, 2015

The Public Services Regulatory Authority (ARESEP) on Monday reported that a drop in international prices of oil in recent weeks could prompt a decrease in gas prices here. On…

Higher gas prices, taxi fares in Costa Rica start Friday
Business
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Business
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Higher gas prices, taxi fares in Costa Rica start Friday

L. Arias - August 27, 2015

A decree setting higher taxi fares and gas prices appeared Thursday in the official newspaper La Gaceta, meaning the hikes will take effect starting Friday. The Public Services Regulatory…

Gas prices, bus fares in Costa Rica could soon drop
Fuel
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Fuel
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Gas prices, bus fares in Costa Rica could soon drop

L. Arias - August 17, 2015

The Public Services Regulatory Authority (ARESEP) on Monday started evaluating a request to lower gas prices that could benefit motorists starting in September. Costa Rica's National Oil Refinery (RECOPE)…

This year’s first price increase at the pump could start next month
Business
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Business
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This year’s first price increase at the pump could start next month

L. Arias - February 13, 2015

The National Oil Refinery (RECOPE) on Friday filed its first request of the year for a fuel price increase, which would take effect in March, if approved. The Public…

Gas prices to drop again this week in Costa Rica
Business
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Business
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Gas prices to drop again this week in Costa Rica

L. Arias - January 27, 2015

The Public Services Regulatory Authority  (ARESEP) on Monday approved a new decrease in the per-liter price of fuel, the second consecutive one this month. The approved decrease will mean a…

Regulator publishes ‘historic’ drop in gas prices amid global oil oversupply
Business
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Business
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Regulator publishes ‘historic’ drop in gas prices amid global oil oversupply

Zach Dyer - January 15, 2015

No need to keep driving on fumes, as Costa Rica’s gasoline regulator announced “historic” price cuts at the pump starting Thursday. Plus gasoline goes on sale at…

December could bring another drop in fuel prices
Business
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Business
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December could bring another drop in fuel prices

L. Arias - November 16, 2014

The National Oil Refinery (RECOPE) on Friday evening requested a new decrease in the per-liter prices of fuel ranging from ₡29-₡68. It could take effect next month.…

Falling oil prices mean cheaper fuel in Costa Rica
Business
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Business
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Falling oil prices mean cheaper fuel in Costa Rica

L. Arias - October 28, 2014

The Public Services Regulatory Authority (ARESEP) on Monday evening approved a new decrease in fuel prices that will take effect in coming days. International oil prices have…