No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

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

New Private Aviation Hub Coming to Costa Rica’s Liberia Airport

Signature Aviation plans to build and operate a new general and business aviation terminal at Guanacaste Airport in Liberia, a move the company says...

Dancing with the Stars Host Julianne Hough Shares Costa Rica Vacation

Julianne Hough, the dancer and actress known for her work on Dancing with the Stars, has returned to Costa Rica for a vacation. The...

How Altitude Shapes Flavors in Costa Rican Coffee Beans

Coffee growers in Costa Rica know that elevation plays a key role in how beans develop and taste. Farmers in regions like Tarrazú and...

New York Times Spotlights Costa Rica’s Osa as Top 2026 Travel Pick

The Osa Peninsula has landed on The New York Times' annual list of 52 places to visit in 2026, ranking fourth overall. This recognition...

Madison Keys Leans on Adelaide Success for Australian Open Repeat Bid

American tennis star Madison Keys arrived in Adelaide on Sunday, ready to tap into the success she found there last year. That victory at...

Costa Rica Police Raid Dismantles Teen Extortion Ring Targeting Rivals

Costa Rica Police arrested two teenagers on Thursday morning in Betania de Siquirres after a months-long probe into a small but aggressive extortion operation....
L. Arias
L. Arias
Reporter | The Tico Times |
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica