Thursday 24 June 2021

Christmas Arriving In November in Costa Rica: Gas Price Drop On The Way

The RECOPE requested a price drop that would take effect in November, citing 'favorable conditions to acquire the imported products in the international market"

Christmas is arriving early in Costa Rica this year, a reduction in gasoline prices that will take effect next month.

On Friday, the Refinadora Costarricense de Petróleo (RECOPE) – Costa Rica’s refinery that refines nothing – submitted to the Autoridad Reguladora de los Servicios Públicos (ARESEP) a request for a reduction of ¢28 colones for a liter of super gasoline and ¢23 for regular.

Drop in gasoline prices expected first week in November

- Advertisement -

The request would reduce the current cost of ¢632 for regular to ¢604 and regular from ¢603 to ¢580. However, the cost of diesel will increase from the current ¢507 to ¢513.

What the decrease means for the average family with an average car with a gasoline tank of 45 liters, a savings of ¢1.260 for super and ¢1,035 for regular. For an average fill-up of one a week, the savings equal to ¢5.418 and ¢4.405, respectively. (The calculation is based on 4.3 weeks per month).

This is the fourth price drop this year and a surprise. The RECOPE says that the drop is a result from more ‘favorable conditions to acquire the imported products in the international market”.

In contrast, there had been speculation and fear that the effects of Hurricane Harvey would have pushed up gasoline prices in Costa Rica.

- Advertisement -

“It should be noted that the behavior in the international price that allows this reduction in local prices is due to the gradual normalization of the operations of the refineries and other related infrastructure after the passage of Hurricane Harvey by the Gulf Coast of the United States,” RECOPE said in a statement.

The Process
The Aresep now has 15 calendar days to authorize the adjustment; a decision that must then be published in the official newspaper La Gaceta within five days of the decision and the price change taking effect the day following publication.

This means that the price drop should take effect Wednesday, November 1 and Friday, November 3.

According to the current methodology for fuel prices; RECOPE can and most likely will request another extraordinary price adjustment on Friday,  November 10.

Gasoline Prices In Costa Rica
Gasoline prices in Costa Rica are regulated. The final price at the pump is set by the RECOPE, which then must be approved or rejected by the Aresep and applied to all gasoline stations across the country.

The gasoline is exclusively imported by the RECOPE and distributed to gasoline retailers. In effect, it is the same gasoline at all the pumps and at the same price. What varies is the added services provided by the retailer (gas station).

- Advertisement -

Don’t Pump Your Own Gas
There are no ‘self-serve’ pumps in Costa Rica. If, as many foreigners are accustomed to, want to pump your own gas, ask first. Don’t make the rookie mistake of trying to do it yourself, unless you want to get some awful hard stares from the pump attendants and sometimes even the long speech about security, which translates into job security.

- Advertisement -

We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

"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

Higher gas prices in effect today

QCOSTARICA - Filling up starting today, Wednesday, June 2, costs more...

Recope requests the sixth consecutive increase in fuel prices for 2021

QCOSTARICA - The Refinadora Costarricense de Petróleo(RECOPE - the refinery that...


Week immersed in passage of tropical wave, June Solstice and Veranillo

QCOSTARICA - Today, Monday, June 21, is the day of the year when the sun stays the longest on the horizon, therefore it is...

Companies covered up defective asphalt

QCOSTARICA - The judicial file of the Cochinilla Case, on alleged corruption in road works, exposes how three companies would have covered up the...

Today’s Vehicle Restriction June 24: plates ending in 7 & 8 CANNOT circulate

Today, Thursday, June 24, plates ending in 7 & 8 CANNOT circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save...

Flight paralysis from Canada hits Costa Rica’s tourism

QCOSTARICA - The paralysis of flights from Canada last January hit Costa Rica's tourism sector, as Canada was the second source market for tourists...

New tax exemptions would be the hook to attract high-tech and science companies

QCOSTARICA - Strengthen the attraction of Costa Rica to attract high-tech, innovative, and science companies to invest, is an initiative that stands out in...

Preventive operations to protect tourists visiting the Guanacaste Conservation Area

QCOSTARICA - The Ministry of Public Security (MSP) and the National System of Conservation Areas (SINAC) joined forces to prioritize ecological operations, which aim...

Today’s Vehicle Restriction June 19: only “ODDS” can circulate

Today, Saturday, June 19, only vehicles with "ODD" ending plates CAN circulate The measure is countrywide and applied between 5:00 am and 9:00 pm, save...

First five months of the year reflect recovery of Costa Rican exports

QCOSTARICA - The value of Costa Rica exports increased by 23% in the first five months of the year, being the highest growth in...

The Best Sports To Play On A Beach

Costa Rica has some of the best beaches in the world. The coastline is blessed with golden sand, beautiful palm trees, and perfect blue...


Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

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.