No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeTopicsBusinessRECOPE asks for fourth consecutive decrease in fuel prices

RECOPE asks for fourth consecutive decrease in fuel prices

The National Oil Refinery (RECOPE) on Wednesday reported that it would file a request for a drop in fuel prices, likely on Friday.

RECOPE will ask the Public Services Regulatory Agency (ARESEP) for a ₡16 decrease in the per-liter price of “Super” gasoline, a ₡17 decrease for “Plus,” and a ₡21 decrease for diesel.

“A new decrease in the price of gasoline and diesel on the international market will allow us to drop prices for the consumer,” RECOPE said in a press release. Changes in the dollar exchange rate did not apply in ARESEP’s recent calculations. The dollar increased from ₡541.77 in September to ₡542.03 in the first week of October.

RECOPE’s request could lower per-liter prices of Super gasoline from ₡777 to ₡760.80 ($1.46-1.42), Plus gasoline from ₡744 to ₡726 ($1.39-1.36) and diesel from ₡658 to ₡636 ($1.23-1.19).

If approved, this would be the fourth consecutive drop in fuel prices this year. New prices would begin next month, following publication in the official newspaper La Gaceta.

Trending Now

Heavy Rains in Costa Rica Trigger Landslides and Floods

Costa Rica faces tough conditions lately from ongoing heavy rains that have sparked deadly landslides and major flooding over the last few days. In...

Costa Rica Police Investigate Buried Body as Possible Gringo Tico

Police in Costa Rica are checking if a body dug up from a farm belongs to Daniel Francisco Vargas Salas, a 71-year-old man locals...

FIFA Fines El Salvador Federation Over Racist Chants in Suriname Qualifier

FIFA has slapped the Salvadoran Football Federation with a fine and attendance cuts following racist slurs from fans aimed at Suriname players in a...

Update: Costa Rica Shark Bite Victim is a Renowned Marine Biologist

Days after our report on the shark attack near Cocos Island, new details have emerged about the incident and the man involved. The diver,...

Costa Rica Bill Targets Pretrial Detention for Organized Crime Cases

Costa Rica's Legislative Assembly is moving forward with a bill that aims to strengthen the rules around pretrial detention in response to growing threats...

Costa Rican Congressman Faces Sexual Abuse Allegations from 2006

Fabricio Alvarado, a sitting congressman and presidential hopeful for the New Republic Party, now contends with a formal complaint accusing him of sexually abusing...
L. Arias
L. Arias
Reporter | The Tico Times |
spot_img
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