Thursday 25 February 2021

Does Costa Rica Really Have The Most Expensive Gasoline?

(QCOSTARICA) It is common to hear that gasoline in Costa Rica is expensive. But is it really so?

201608291920200.Micro-de-GasolinaWhen comparing prices with the rest of the world, Costa Rica is 74th of 160 in the world, far from being the most expensive.

The LaRepublica.net provides an infograph of prices around the world, converted to Colones for comparison. Topping the list is Hong Kong, where a litre of regular gasoline is priced at ¢1,020 colones, almost double what we pay in Costa Rica.

- Advertisement -

In Costa Rica, the current price for a litre of regular is ¢563. A drop to ¢541 will occur in the coming days.

At the bottom, with the least expensive gasoline, is Kuwait where the a litre of regular costs ¢120.

Even in Latin America, Costa Rica not the most expensive, cheaper that countries like Brazil, Argentina and Chile, but more expensive that is neighbours Panama and Nicargua, an a long way to Ecuador, with the loest price in the Americas.

The price of a litre of regular gasoline in Latin America:

  • Ecuador (156) ¢217
  • Bolivia (145) ¢301
  • Venezuela (140) ¢335
  • Panama (132) ¢374
  • Colombia (127) ¢390
  • Guatemala (124) ¢407
  • El Salvador (122) ¢433
  • Peru (97) ¢485
  • Nicaragua (92) ¢496
  • Honduras (82) ¢519
  • Costa Rica (74) ¢563
  • Paraguay (64) ¢608
  • Chile (62) ¢619
  • Brazil (57) ¢630
  • Argentina (51) ¢647
  • Belize (42) ¢675
- Advertisement -

To round out the Americas, the price in the United States (135) ¢351, Mexico (105) ¢457 and Canada (87) ¢507.

Rounding out the top ten most expensive following number 1 Hong Kong are Norway, Iceland, Holland, Italy, Denmark, Greece, San Marino and Sweden.

However, for a valid comparison we cannot take just the price of a litre, but how many litres can be bought with a salary.

In Costa Rica, with a per capita annual income of nearly US$11,000 dollars (¢6.1 million colones at the current dollar exchange rate), it buys 900 litres a month of regular gasoline.

 

gasolineprices-aroundtheworld2

- Advertisement -

By doing the same with all countries, Costa Rica falls to 94th place in the ranking, even cheaper compared to prices around the world. For example, Hong Kong, with an average annual income of US$42,000 and  with the highest per litre price turns out to be one even cheaper than Costa Rica, ranking 128th.

Source La Republica

- Advertisement -

FACT CHECK:
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.

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

Big savings in fuel purchases helps maintain abundance of dollars in the market

The strong savings that Costa Rica is having in the purchase...

Big Drop In Fuel Prices Approved

The impact of the new Covid-19 coronavirus on the international oil...

MOST READ

How Chile became an unlikely winner in the COVID-19 vaccine race

At first glance, it may seem that the race to acquire COVID-19 vaccines has been won by western nations. But alongside the UK, Canada,...

Fiber optic Internet coverage grew 146% in one year

QCOSTARICA - The coverage of fiber optic networks used to bring broadband Internet to Costa Rican homes and businesses increased 146% in one year,...

‘Bye’ to the weekend license plate restrictions

QCOSTARICA - The nighttime vehicle restrictions starting on March 1 will be from 11:00 pm and not 10:00 pm as this month, and on...

CNE: 19 cantons maintain a high risk of contagion

QCOSTARICA - In total, 19 cantons in six provinces maintain a high risk of contagion by COVID-19, according to the last update from the...

Drop in covid-19 cases is not only occurring in Costa Rica

QCOSTARICA - In recent weeks, Costa Rica has experienced a reduction both in the number of reported new cases of covid-19 and in its...

Space agency in Costa Rica will be a reality

HQ - The creation of a space agency in Costa Rica remains firm after being approved in the second and final debate this Thursday. To...

Determination and Perseverance wins against the AyA

RICO's TICO BULL - My story started last May, when instead of the usual ¢7,000 to ¢8,000 colones monthly water bill, it was an...

Which cable company offers the best quality of residential Internet?

QCOSTATICA - According to the Sutel, Tigo, Cabletica, ICE, and Telecable top the list of telcos that meet the best quality in residential Internet...

AyA’s board member reacts: GM says that everything was resolved

QCOSTARICA - A member of the board of directors of the Instituto Costarricense de Acueductos y Alcantarillados (AyA) - water utility - Yolanda Acuña...

WANT TO STAY UP TO DATE WITH THE LATEST!

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.