Thursday 30 March 2023

Gasolines will fall in October, but Diesel will increase

Paying the bills


Dollar will remain cheap during the first semester

QCOSTARICA - The exchange rate reports a decrease of...

Costa Rica has more than 200 homicides in less than three months

QCOSTARICA - With only a few days before the...

Farmers will march this Wednesday against government decisions towards the agricultural sector

QCOSTARICA - Farmers will hold a peaceful march and...

In Latin America, Heat Warnings Can Prevent Deaths

Q REPORTS (IPS) On March 9, 2023, more than...

Mexico-US border: Fire at migrant facility kills dozens

Q24N (DW) A fire that broke out at a...

Justin Trudeau and Joe Biden are missing the bigger picture about migrant border crossings

Q REPORTS - When Canadian Prime Minister Justin Trudeau...

Dollar Exchange

¢540.22 Buy

¢546.48 Sell

30 March 2023 - At The Banks - BCCR

Paying the bills


QCOSTARICA – Recope, the Costa Rican refinery that refines nothing, presented this Friday to the Aresep, the regulating authority, its latest request for an adjustment in the price of fuels and that it would apply next month.

Costa Rica maintains its leadership with the highest gasoline prices in the region

The adjustment calls for a reduction of ¢7 colones per liter in the price of super gasoline and ¢3 colones per liter for regular. However, diesel will increase ¢7 colones per liter.

“The variation is a function of the drop in international prices in recent days, this despite the increase in the exchange rate observed in that same period,” said Freddy Martínez, director of Economic and Financial Studies at Recope.

- Advertisement -

If approved, the price of a liter of super a the pumps would drop from the current ¢741 to ¢734, regular from ¢718 to ¢715 and diesel would increase from the current ¢589 to ¢596.

This is the third reduction request so far in 2021, against the 8 approved increases.

Fuel prices in Costa Rica are regulated. The state refinery works out is pricing based on a methodology that is presented to the Aresep on the second Friday of the new month, to which the Aresep does its thing – study the request and will resolve it in two weeks, in this case, Friday, September 24.

The study part includes a public hearing on the request. New prices take effect within five days of Aresep resolution and are published in La Gaceta, depending on the calendar, which could be before the end of the current month or the beginning of the next.

The process then starts all over again. In most cases, the Aresep is a rubber stamp process.

- Advertisement -
Paying the bills
Avatar photo
"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

30,000 Uber dribers on the verge of unemployment due to indecision of politicians for almost eight years

QCOSTARICA - It's been almost eight years since UBER, the collaborative...

Dollar will remain cheap during the first semester

QCOSTARICA - The exchange rate reports a decrease of 22% so...

Subscribe to our stories

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