Gas prices could rise in Costa Rica following request from state oil refinery
Per liter prices of gas could go up again in June if a petition filed last Friday by the Costa Rican Oil Refinery (RECOPE) gets approved.
The refinery submitted a request to the Public Services Regulatory Authority (ARESEP) to raise fuel prices by ₡43 per liter of Super gasoline, ₡34 per liter of Plus gasoline and ₡35 per liter of Diesel.
If the regulatory agency approves the request, a liter of Super gasoline would cost ₡642 ($1.19), Plus gasoline will go up to ₡610 ($1.13) and Diesel to ₡513 ($0.95).
RECOPE cited a rise in international oil prices as the main reason for the hike request. According to the refinery, increases are being driven mostly by reduced oil reserves in the U.S. in recent weeks.
ARESEP will evaluate the request and then will submit it for public consultation before issuing a final ruling.
If approved, it would be the fourth consecutive hike in fuel prices, following eight cuts approved by ARESEP between 2014 and 2015.
You may be interested
No Navas as Costa Rica names roster for Peru friendlyAlejandro Zúñiga - May 22, 2019
The Costa Rican soccer federation on Wednesday revealed its roster for an upcoming friendly against Peru. The list includes Álvaro…
Costa Rica shares vision, guiding principles for universal healthcareAlejandro Zúñiga - May 22, 2019
Costa Rica shared its vision and guiding principles for universal healthcare at the 72nd World Health Assembly, held this week…
Seeking residency in Costa Rica? You’ll need your vaccines first, report saysAlejandro Zúñiga - May 22, 2019
Starting in July 2019, foreigners who apply for temporary or permanent residency in Costa Rica will need to comply with…