Hundreds of people protested Monday against price hikes and corruption in Panama, protests that led the country's president, Laurentino Cortizo, to announce the reduction...
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.
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).
Business chambers, citizens and lawmakers asked the Supreme Court to overturn a ruling allowing RECOPE to include costs of non-salary perks in fuel prices.
Costa Rica's executive branch is criticizing changes to the method used for setting fuel prices as proposed by the Public Services Regulatory Authority (ARESEP), arguing the move would increase prices of other products, particularly cooking gas.
