Despite a spike in international fuel prices in the past two weeks, prices of gas and diesel in Costa Rica will remain stable for the rest of the year, the Public Services Regulatory Authority (ARESEP) confirmed this week.
Costa Rica's Public Services Regulatory Authority (ARESEP) will now take into account the actual amount paid for oil by the Costa Rican Oil Refinery (RECOPE) when calculating the price of fuel at the pump, rather than relying on reference prices for international oil.
The Public Services Regulatory Authority found that the state-owned oil refinery improperly used public funds to pay for expenses like airline tickets and professional services at the refinery expansion project in Limón.
