No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeTopicsBusinessNational Oil Refinery seeks a decrease in fuel prices, likely for September

National Oil Refinery seeks a decrease in fuel prices, likely for September

A ₡5 increase in the per-liter price of fuels approved in July will take effect in coming days, but a recent drop in international oil prices could mean gas prices will go down in September.

The National Oil Refinery (RECOPE) on Friday will ask the Public Services Regulatory Authority (ARESEP) to lower gas prices, likely by ₡30 per liter, RECOPE said on Wednesday. The official notification is expected to take place on Friday, allowing ARESEP to calculate international fuel prices and dollar exchange rates for this week. ARESEP updates fuel prices the second Friday of each month.

A liter of “Super” gasoline currently costs ₡810 ($1.52). A liter of “Plus” gas costs ₡782 ($1.46), while diesel costs ₡667 ($1.25).

A change in fuel prices takes up to three weeks on average, making it likely lower gas prices will apply starting next month.

After receiving a price-change request, ARESEP is required to grant a 10-day period for citizens to opine, which the agency evaluates for five days before issuing a final ruling. A decree setting new prices then is sent for publication in the official newspaper La Gaceta.

If the price decrease moves forward, it would be the second this year. ARESEP has approved seven gas price increases during the same period.

Trending Now

Costa Rican Economists Raise Alarm Over U.S. Cash Transfer Tax

In 2026, the U.S. government will impose a 1% tax on cash remittances sent from the United States to Latin America. Electronic transfers will...

Costa Rica Dismantles Human Trafficking Ring Linked to Tren de Aragua

Costa Rican authorities dismantled a human trafficking network linked to the criminal gang Tren de Aragua, which financed the travel of women from Venezuela...

Vigilante Justice in Quake-Hit Guatemala Town Claims Five Lives

In a Guatemalan town reeling from recent earthquakes, residents took matters into their own hands on Thursday night, lynching five men they accused of...

Honduran teen deported by US feels like foreigner in native country

Emerson Colindres had just finished high school when he was sent back to Honduras by the United States, a country that he had called...

UN Experts Warn of Possible Nicaraguan Government Role in Exile’s Murder in Costa Rica

A team of UN human rights experts said Tuesday that involvement by the Nicaraguan government in the killing of retired major Roberto Samcam cannot...

Costa Rica Police Uncover Second Cyanide-Laced Mining Operation in Crucitas

The environmental crisis in Crucitas persists. Police discovered and dismantled an artisanal mining material processing plant in a wooded area of Tatú Hill in Crucitas,...
L. Arias
L. Arias
Reporter | The Tico Times |
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica