No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeTopicsBusinessFour presidential candidates in favor of breaking fuel monopoly

Four presidential candidates in favor of breaking fuel monopoly

Four of five presidential candidates who took part in a debate late last week said they would support breaking up the fuel monopoly held by the Costa Rican Oil Refinery (RECOPE).

The Costa Rican Chamber of Industries (CICR) organized the debate on Thursday evening, which included Otto Guevara Guth of the Libertarian Movement, Antonio Álvarez Desanti of the National Liberation Party, Rodolfo Piza Rocafort of the Social Christian Unity Party, Mario Redondo Poveda of Christian Democratic Alliance and Carlos Alvarado Quesada of the ruling Citizen Action Party, the only candidate opposed to opening the fuel market.

The candidates who agreed on the opening said consumers should not pay for financial perks for RECOPE employees, which the agency includes in its fuel price calculations.

Alvarado, the lone voice against lifting the monopoly, said that people need to stop thinking about the past.

“Instead of opening up the fuel monopoly, we need to take steps towards new technologies, such as electric transportation,” he said.

Guevara noted that he was pleased that Álvarez, Piza and Redondo supported the idea of breaking RECOPE’s monopoly, which he described as “a libertarian idea, now being embraced by other parties.”

Agreements

Aside from their opinions about RECOPE, candidates agreed on most other economic issues, the focus of the debate moderated by former CNN journalist Alberto Padilla.

All five of them agreed that they would support a boost in the use of natural gas and in the creation of an Energy Ministry.

They also agreed with the idea of supporting more contracts between public and private-sector companies for the construction of public infrastructure projects, as well as measures to improve public finances — mostly by cutting public spending — and better hiring regulations for public workers.

Some other parties have already confirmed their candidates for the 2018 presidential election. The CICR, however, indicated that it only invited candidates “who have shown support for the private sector’s contribution to the development of Costa Rica.”

Trending Now

Costa Rica Road Shuts Down Again by Landslides and Debris

Drivers faced another setback this morning as landslides blocked Route 32, the key link between the Central Valley and Limón province. The Ministry of...

Panama’s Noriega Sets Precedent for U.S. Capture of Maduro in Venezuela

The recent U.S. military operation that led to the capture of Venezuelan President Nicolás Maduro echoes a chapter from Latin American history: the 1989...

Funny English Shirts in Costa Rica and What They Really Mean

I recently took a bus from San Jose over the Cerro del Muerte to Pérez Zeledón. The driver was a young man around thirty....

How Clay Training Can Limit Latin American Tennis Players on Faster Surfaces

On the tennis courts of San José, young Costa Rican players chase futures shaped by a surface few here know as home. At the...

Guanacaste Leads Coastal Recovery in Costa Rica Real Estate

Costa Rica’s real estate market heads into 2026 with steady footing after recent adjustments in high-end coastal areas. Buyers and investors find a landscape...

Costa Rica’s Warren Madrigal Joins Nashville SC in Major League Soccer Move

Costa Rican forward Warren Madrigal has taken a major step in his career by signing with Nashville Soccer Club in Major League Soccer. The...
L. Arias
L. Arias
Reporter | The Tico Times |
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica