HomeTopicsBusinessFour presidential candidates in favor of breaking fuel monopoly

Four presidential candidates in favor of breaking fuel monopoly

Four of five presidential candidates who took part in a debate late last week said they would support breaking up the fuel monopoly held by the Costa Rican Oil Refinery (RECOPE).

The Costa Rican Chamber of Industries (CICR) organized the debate on Thursday evening, which included Otto Guevara Guth of the Libertarian Movement, Antonio Álvarez Desanti of the National Liberation Party, Rodolfo Piza Rocafort of the Social Christian Unity Party, Mario Redondo Poveda of Christian Democratic Alliance and Carlos Alvarado Quesada of the ruling Citizen Action Party, the only candidate opposed to opening the fuel market.

The candidates who agreed on the opening said consumers should not pay for financial perks for RECOPE employees, which the agency includes in its fuel price calculations.

Alvarado, the lone voice against lifting the monopoly, said that people need to stop thinking about the past.

“Instead of opening up the fuel monopoly, we need to take steps towards new technologies, such as electric transportation,” he said.

Guevara noted that he was pleased that Álvarez, Piza and Redondo supported the idea of breaking RECOPE’s monopoly, which he described as “a libertarian idea, now being embraced by other parties.”

Agreements

Aside from their opinions about RECOPE, candidates agreed on most other economic issues, the focus of the debate moderated by former CNN journalist Alberto Padilla.

All five of them agreed that they would support a boost in the use of natural gas and in the creation of an Energy Ministry.

They also agreed with the idea of supporting more contracts between public and private-sector companies for the construction of public infrastructure projects, as well as measures to improve public finances — mostly by cutting public spending — and better hiring regulations for public workers.

Some other parties have already confirmed their candidates for the 2018 presidential election. The CICR, however, indicated that it only invited candidates “who have shown support for the private sector’s contribution to the development of Costa Rica.”

Trending Now

Rebeca Grynspan Strengthens Lead in Race for UN Secretary-General

Costa Rican Rebeca Grynspan topped an informal United Nations Security Council vote for the third time on Tuesday, in what appears to be growing...

Used-Car Importers Take Costa Rica’s New Vehicle Tax Formula to Court

Costa Rica's used-car importers will challenge in court a Hacienda decree they say doubles or triples import taxes. The ministry cites evasion.

Costa Rica Moves to Restrict Imports Linked to Forced Labor

Costa Rica is setting up a new system to keep goods made with forced labor from entering, a move that comes a little more...

Costa Rica Proposes Ending Electric Vehicle Tax Breaks

Anyone thinking about buying an electric vehicle in Costa Rica could eventually face a much higher tax bill under a new government proposal that...

Costa Rica Takes Two Top Honors in National Geographic UK Travel Awards

British travelers have placed Costa Rica at the top of two major travel categories, naming it their favorite destination for both adventure and responsible...

Fernández Says “I Am the President” Amid Backlash Over Tovar Firing

President Laura Fernández has delivered her strongest defense yet of the sudden firing of Foreign Minister Manuel Tovar, warning her entire Cabinet that major...

Ciudad Quesada–Aguas Zarcas Road Closed for Weeks After Collapse

Anyone traveling between Ciudad Quesada and Aguas Zarcas will need to use alternate routes for at least a month after heavy rain washed out...

Dollar Rebounds From Record Low but Year-End Could Favor the Colón Again

The dollar hit its highest level since June after a record low, but seasonal inflows could push it back down. Here is what banks are paying.

Costa Rica Braces for Afternoon Storms as Tropical Wave No. 48 Arrives

Tropical Wave No. 48 is expected to cross Costa Rica today bringing a greater chance of afternoon downpours and thunderstorms as already wet areas...
L. Arias
L. Arias
Reporter | The Tico Times |
Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel