Diesel

RECOPE's ongoing fuel-setting requests led citizen group “Ya no más RECOPE" (No more RECOPE) to call for a public demonstration to request for the opening of the fuel distribution market in Costa Rica.

ARESEP approved the new fuel prices on Monday and they went into effect on Tuesday when the agency published them in the official newspaper La Gaceta.

The first fuel price adjustment should have been approved by Oct. 28, while the one filed last week should have been ready within the next two weeks; however, there's no telling how long the process will now take.

Prices of premium and regular unleaded gasoline will drop by ₡24 and ₡22 per liter respectively this week, thanks to a new fuel price setting approved by the Public Services Regulatory Authority (ARESEP).

The Costa Rican Oil Refinery (RECOPE) finally had some good news for motorists as its most recent projections show fuel prices next year will remain similar to those registered this month.

The new gas prices will be 27 percent cheaper than those in force in October last year, according to ARESEP.

A drop in international oil prices in recent weeks could favor a reduction in gas prices here.

If approved by ARESEP, fuel prices would drop in September while new bus fares would apply starting October.

The National Oil Refinery on Friday filed its first request of the year for a fuel price increase, which would take effect in March, if approved.

The Public Services Regulatory Authority approved the fifth decrease in fuel prices of the year, sending the order Monday for publication in the official newspaper La Gaceta.