Costa Rica’s oil refinery wants to increase fuel prices – again
Higher fuel prices approved last Friday haven’t even gone into effect yet, but that hasn’t stopped the National Oil Refinery (RECOPE) from seeking a new hike of ₡9 in the per-liter prices of gasoline and diesel.
The refinery submitted a new request on Monday at 5 p.m., citing increases in operating costs, Public Services Regulatory Agency (ARESEP) spokeswoman Carolina Mora said.
Before issuing a ruling ARESEP’s technical staff will evaluate the request for the next two weeks, and then it will be submitted for public consultation to give citizens the opportunity to oppose it.
New per-liter prices approved last Friday are expected to take effect later this week following publication in the official newspaper La Gaceta. ARESEP approved a ₡43 increase in the price of “Super” gasoline, ₡35 for “Plus” gasoline and of ₡36 for diesel.
A liter of Super will increase from ₡600 to ₡643 ($1.12-1.20); Plus will increase from ₡575 to ₡610 ($1.07-1.13); and diesel from ₡478 to ₡514 ($0.89-0.96).
The latest increases were approved after taking into consideration a reduction in reserves of finished products and an increased demand in the United States, ARESEP reported.
If approved the latest higher prices would become the fifth consecutive hike this year following eight decreases approved between mid-2014 and early 2015.
You may be interested
Central American countries raise alert about banana wiltAFP and The Tico Times - July 14, 2019
The International Regional Organization for Agricultural Health (Oirsa) issued an alert on Sunday to prevent the advance of the destructive…
Slothy Sunday: Five ways you can help slothsAlly Chamberlin / Toucan Rescue Ranch - July 14, 2019
It is no question that sloths have somewhat taken over the internet with their cute button noses and sweet faces.…
Costa Rica on a budget: Three cheap vacation destinationsAlejandro Zúñiga - July 13, 2019
Want to vacation in Costa Rica without breaking the bank? The Costa Rican Tourism Board (ICT) has released a short…