• Costa Rica Real Estate

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

August 6, 2014

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.

Facebook Comments

You may be interested

Equipment failures causing missed approaches, cancellations at Costa Rica’s busiest airport
Costa Rica
175 views
Costa Rica
175 views

Equipment failures causing missed approaches, cancellations at Costa Rica’s busiest airport

Alejandro Zúñiga - September 17, 2019

Issues with the instrument landing system, coupled with the rainy season weather, have caused numerous missed approaches and flight cancellations…

New York at the center of the fight against climate change
Climate Change
13 views
Climate Change
13 views

New York at the center of the fight against climate change

Ivan Couronne / AFP and The Tico Times - September 17, 2019

Environmental activists will meet in New York on Friday for a demonstration and a youth summit, with the goal of…

Keylor Navas vs. Real Madrid: A meeting worthy of Champions
Keylor Navas
25 views
Keylor Navas
25 views

Keylor Navas vs. Real Madrid: A meeting worthy of Champions

Alexis Hontang / AFP and The Tico Times - September 17, 2019

Costa Rica’s Keylor Navas has finally settled the debate regarding PSG’s goalkeeper. On Wednesday, the Tico faces his former club,…

Do NOT follow this link or you will be banned from the site!