Wednesday 20 October 2021

Another hit to the pocket! Gasoline prices to rise again

The latest RECOPE price increase will be felt before the end of the month or first week in November.

Paying the bills

Latest

Costa Rica legalizes production of medicinal cannabis and hemp

QCOSTARICA - Legislators on Tuesday approved the bill that...

A moving 24 hours: 4.9 and 5.2 quakes hit Golfito and Jaco

QCOSTARICA - The Red Sismológica Nacional (RSN)  - National...

Massacre in Buenos Aires: American had for sale the farm where he was murdered

QCOSTARICA - Stephen Paul Sandusky, 61, the American assassinated...

CCSS reports applying 6,124,445 doses of vaccine against covid-19

QCOSTARICA - The teams of the Caja Costarricense de...

A photo speaks louder than a thousand words

Photo by Eugenio García / Facebook

Today’s Vehicle Restriction October 20: Plates ending in “5 & 6” CANNOT circulate

QCOSTARICA - For today, Wednesday, October 20, vehicles with...

Reduction of the 2022 Marchamo approved!

QCOSTARICA - Legislators approved this Tuesday the bill to...
Paying the bills

Share

QCOSTARICA – As if the nine increases for the year in the price of fuels were not enough, one more will occur by the end of this month. And we’re quite sure won’t be the last.

Consumers are tired of the price hike in fuels, nine for fart this year, the tenth on its way

RECOPE, the Costa Rica refinery that refines nothing, submitted a new request for an increase to the regulating authority on Friday, October 8, that when, not if, it is approved, the price of a liter of super gasoline at the pumps would increase by ¢3 colones, regular by ¢6 and diesel by ¢25.

The new prices at the pumps before the end of October or the first week in November would be ¢737 (currently ¢734) for a liter of super, ¢721 (currently ¢715) for regular and ¢621 for diesel (currently ¢596).

- Advertisement -

Costa Rica maintains one of the highest fuel prices in the isthmus.

Freddy Martínez, head of Recope’s Department of Economic and Financial Studies, said that the request for an increase is due to international fuel prices.

“The decreases in inventories in the United States due to the effects of Hurricane Ida, in August, as well as the imbalance in the supply and demand of natural gas that impacts crude oil and fuels … coupled with an inflexible position by OPEC ( producing countries) in terms of increasing their oil supply, they are generating a kind of global energy crisis,” said the official.

RECOPE assured that another factor influencing the rise is demand in countries that are trying to prepare for winter, such as China.

Another key element is the devaluation of the colon against the dollar.

Filling a 45 liter tank (the fuel tank of a typical sedan in Costa Rica) costs ¢8,955 more today that in it did nine months ago; but if it is a 60 liter tank, the increase is ¢11,940 more per fill up than in December 2020.

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

It costs ¢9,000 more for filling the gas tank: that was the increase in nine months

QCOSTARICA - The ups and downs of the pandemic also impacted...

Fuels are cheaper starting today, Sept 1

QCOSTARICA - September kicks off with good news, lower fuel prices. Today,...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.