Saturday 1 April 2023

New increase! Recope requests increase of up to ¢59

The new increase would break the current record for high fuel prices in Costa Rica

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

¢540.39 Buy

¢545.95 Sell

31 March 2023 - At The Banks - BCCR

Paying the bills


QCOSTARICA – Tighten the belt a little more as there is a new increase in fuel prices around the corner.

On Friday (April 8), the Refinadora Costarricense de Petróleo (RECOPE) – the Costa Rican refinery that refines nothing, requested a new increase in the price of fuels.

The new increase would break the current record for high fuel prices in Costa Rica

According to the proposed adjustment, it would be ¢42 more for a liter of super, ¢38 for regular gasoline, and ¢59 for diesel.

- Advertisement -

Fuel prices in Costa Rica are regulated. So, when, not if, the increase request is approved by the regulating body, the Autoridad Reguladora de los Servicios Públicos (ARESEP), super gasoline would go from ¢909 to ¢951, regular ¢889 to ¢927 and diesel from ¢845 to 904.

That approval is expected in two weeks, followed up by publication in the official government publication, La Gaceta, within five working days. The new prices at the pumps would be the following day of publication.

Freddy Martínez, Head of Economic and Financial Studies of RECOPE, explained that the upward in prices is justified by the conflict between Russia and Ukraine, as well as behavior in the exchange rate.

The president of Consumidores de Costa Rica (Costa Rican Consumer) association, Erick Ulate, noted the lack of government actions to stop this type of increase.

Although legislators endorsed a substitute text that aims to reduce the price of fuels at the pumps by ¢100 with the temporary elimination of the “impuesto único a los combustibles”, it has been rejected by the current government and new incoming government on May 8.


- 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 drivers 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...

Court ruling: UBER must pay vacations, bonuses and social security to its drivers

QCOSTARICA - The Juzgado de Trabajo del Tercer Circuito Judicial de...

Subscribe to our stories

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