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Drop In Gasoline Prices Approved

Drop In Gasoline Prices Approved

Q COSTA RICA – This week we will see the first drop in gasoline prices for the year. Following three consecutive increases in fuel prices, the Autoridad Reguladora de los Servicios Públicos (Aresep) on Friday approved a drop of ¢27 colones per litre for super, ¢24 for regular and ¢5 for diesel. The adjustment is […]

RECOPE Proposes Weekly Fuel Price Adjustments

RECOPE Proposes Weekly Fuel Price Adjustments

Q COSTA RICA – Perhaps a public outcry, calling for the government to open the fuel market and some even calling for a complete break up of the state refinery, is the reason behind the Refinadora Costarricense de Petroleo (RECOPE) proposal for a change in its fuel pricing methodology, from monthly to weekly price adjustments. […]

Autonomous Agencies Increase Their 2017 ‘Propaganda’ Spending

Autonomous Agencies Increase Their 2017 ‘Propaganda’ Spending

Q COSTA RICA NEWS – Eleven autonomous government agencies (state agencies) including RECOPE (see hike in gasoline prices) and Acueductos y Alcantarillados (AyA), aja Costarricense de Seguro Social (CCSS), Patronato Nacional de la Infancia (PANI), Instituto Nacional de Seguros (INS), Superintendencia de Telecomunicaciones (Sutel), and Instituto Costarricense de Electricidad (ICE) averaged a 32% increase in their […]

Regulator Freezes Drops In Gasoline Prices

Regulator Freezes Drops In Gasoline Prices

(TICO BULL by Rico) Just when I thought I had seen it all, here’s a new one: we continue to pay high gasoline prices because, according to the government regulator we must while the Constitutional Court considers a claim of unconstitutionality of the method used to calculate gasoline price adjustments. Still with me? The Refinadora […]

Gas Price Hike By Month’s End

Gas Price Hike By Month’s End

QCOSTARICA – The end of the month will bring an increase in fuel prices: ¢13 colones per litre of super and regula gasoline, and ¢24 for diesel, following the Autoridad Reguladora de los Servicios Público (ARESP) approval Friday afternoon. The increase is in response to a request by the Refinadora Costarricense de Petróleo (RECOPE) – […]

Costa Rica and China Reaffirm Ties And Put Behind Them The Recope – CNPC Issues

Costa Rica and China Reaffirm Ties And Put Behind Them The Recope – CNPC Issues

China and Costa Rica have pledged to strengthening cooperation in trade, investment and exchanges in other areas. During a meeting between the Chinese state advisor, Yang Jiechi and Costa Rica foreign minister, Manuel Gonzalez, the two parties expressed their wish to increase mutual political confidence and cooperation in international and regional affairs. In the meeting, […]

China Wants To Talk

China Wants To Talk

QCOSTARICA – Last week, Costa Rica’s State refinery, the Refinadora Costarricense de Petroleo (RECOPE) decidedt to abandon the US$1.5 billion dollar refinery project upgrade it was working with the China National Petroleum Corp (CNPC). Today (Monday) the Chinese have called for talks. In 2009, RECOPE and CNPC formed a company called SORESCO, to build a […]

Big Drop In Gasoline Prices Expected For Next Month

Big Drop In Gasoline Prices Expected For Next Month

QCOSTARICA – Get ready for a big drop in gasoline prices, coming this way next month. The  Autoridad Reguladora de los Servicios Públicos (Aresep) – regulator of public prices and services – confirmed on Monday that it will on September 11 start the process of price adjustment, that could mean a drop in ¢67 colones […]

Costa Rica Still With The Highest Fuel Prices In The Region

Costa Rica Still With The Highest Fuel Prices In The Region

(qCOSTARICA) In a report by Centralamericandata.com of a roundup of gasoline prices in Central America up to July 20, Costa Rica leads the pack with the highest prices. Converted to U.S. gallon and U.S. dollars for comparison, the reports pegs the the price of a litre of super gasoline in Costa Rica at US$4.70 per […]

RECOPE Reports Loss

RECOPE Reports Loss

(QCOSTARICA) Despite having a monopoly in an essential product, and being able to dictate local prices, state company, the Refinadora Costarricense de Petroleo (RECOPE) reported this week a loss of over ¢7 billion colones through March of this year. RECOPE is the national refinery, but no longer refines fuel in the country, however it still […]

RECOPE Overcharged To Use Funds To Invest In New Finery

RECOPE Overcharged To Use Funds To Invest In New Finery

QCOSTARICA – The Aurtoridad Reguladora de Servicios Publics (ARESEP) – regulator of public prices and services agency, has instructed the state refinery, Refinadora Costarricense de Petroleo (RECOPE) to give back money to Costa Ricans. TheARESEP, whose audit was prompted by a request by legislators of the Comisión de Control de Ingreso y Gasto Público (Control Commission […]

Gasoline Price Hike Approved: ¢31 For Super, ¢29 For Regular and ¢7 For Diesel

Gasoline Price Hike Approved: ¢31 For Super, ¢29 For Regular and ¢7 For Diesel

QCOSTARICA – The price of a liter of gasoline will increase next week, following Tuesday’s price hike approval by the Regulatory Authority for Public Services (Autoridad Reguladora de los Servicios Públicos – Aresep). The hike is of ¢31 per liter of super, ¢29 for regular/plus and ¢7 for diesel, setting the price per liter at […]

Chang’s Firm Breaks With Recope

Chang’s Firm Breaks With Recope

QCOSTARICA – Ad Astra Rocket Company, the rocket company by former astronaut and physicist Dr. Franklin Chang, working on the project to produce hydrogen for use as fuel in vehicles, has broken ties with the state refinery, the Refinadora Costarricense de Petróleo (Recope). Chang made the announcement on Wednesday, tired of waiting on the state […]

16% of Costa Rica Gasoline Stations Found Selling Poor Quality Fuel

16% of Costa Rica Gasoline Stations Found Selling Poor Quality Fuel

COSTA RICA NEWS – The regulating authority for public service, Autoridad Reguladora de los Servicios Públicos (ARESET), says it found that 16% of the gasoline stations in the country last year sold contaminated fuel. The government authority, in its report, said that it found problems with fuel quality – sediment, octane, colour – in 57 […]