Q COSTA RICA — Fuel prices will change starting in August, with super gasoline decreasing by ¢55 colones per liter, from ¢756 to ¢701 colones, and diesel decreasing by ¢79 colones, from ¢683 to ¢604 colones.
Regular gasoline will remain at ¢755 colones per liter.
This was announced Friday by the Refinadora Costarricense de Petroleo (Recope) — Costa Rica’s refinery that refines nothing, after submitting the adjustment request to the Public Services Regulatory Authority, the Aresep, the entity responsible for analyzing the information and setting the new prices.
According to Recope, liquefied petroleum gas (LPG), using in many kitchens across the country, will also see some relief, with the 25-pound cylinder of gas, the most commonly used in homes, decreasing by 444 colones.
The price of the cylinder will drop from ¢7,440 colones to ¢6,996 colones.
Why the price reduction?
Recope attributes the price reduction to the decrease in fuel purchase prices on the international market.
“From an international analysis perspective, the drop in crude oil prices during the June-July 2026 period is due to a scenario of increased supply, and the opening of the Strait of Hormuz has helped to moderate geopolitical tensions,” the company reported.
They also justify this price reduction by citing the appreciation of the colón against the dollar.
Recope’s president, Karla Montero, warned that fuel prices could experience further fluctuations in the short term due to international factors, such as armed conflicts, wars, and decisions made by oil-producing countries.
Regarding regular gasoline, the price will remain unchanged “because no new shipments of this product were registered during the pricing period, as available inventories allowed us to meet national demand,” Recope stated.