• CURRENT COSTA RICA COVID TOTALS

    Confirmed 184,187, Deaths 2,416, Recovered 141,374

  • CURRENT COSTA RICA COVID TOTALS

    Confirmed 184,187, Deaths 2,416, Recovered 141,374

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.

You may be interested

Costa Rica has administered 25,000 vaccine shots, Caja says
Costa Rica
16142 views
Costa Rica
16142 views

Costa Rica has administered 25,000 vaccine shots, Caja says

The Tico Times - January 15, 2021

Costa Rica’s public-health system has administered nearly 25,000 coronavirus vaccine shots, the Social Security System (Caja) reported. The figure —…

FAQ: The United States’ new Covid travel requirements
Costa Rica
2595 views
Costa Rica
2595 views

FAQ: The United States’ new Covid travel requirements

The Tico Times - January 15, 2021

The Centers for Disease Control (CDC) has announced that all international airline passengers flying to the United States must show proof…

UK bans South American, Panama arrivals over Brazil virus strain
Central America
1522 views
Central America
1522 views

UK bans South American, Panama arrivals over Brazil virus strain

AFP - January 15, 2021

Britain will ban all arrivals from South America, Panama, Cape Verde and Portugal from 0400 GMT Friday over fears of…