Q COSTARICA — With the new approved rates by Aresep, drivers will have to pay up to ¢630 more per tank, depending on the type of gasoline.
The new fuel prices went into effect nationwide this Tuesday morning, October 14, following their publication in the newspaper La Gaceta. The Autoridad Reguladora de los Servicios Públicos (Aresep) (Public Services Regulatory Authority) authorized an increase in gasoline prices and a reduction in diesel prices.
With this adjustment, the new prices at the pumps are”
- A liter of premium gasoline increased ¢14, from ¢663 to ¢677
- A liter of regular gasoline increased ¢13, from ¢649 to ¢662
- While a liter of diesel decreased ¢9, from ¢565 to ¢556.
How much more will drivers have to pay to fill up their tank?
Considering an average tank of 45 liters:
- Premium Gasoline
Before: ¢663 × 45 = ¢29,835
Now: ¢677 × 45 = ¢30,465
Increase per tank: +¢630 - Regular Gasoline
Before: ¢649 × 45 = ¢29,205
Now: ¢662 × 45 = ¢29,790
Increase per tank: +¢585 - Diesel
Before: ¢565 × 45 = ¢25,425
Now: ¢556 × 45 = ¢25,020
Decrease per tank: -¢405
Fuel prices in Costa Rica
In Costa Rica, the price of all fuels is regulated by the government to ensure stability and affordability for consumers.
The regulation is managed primarily through the Refinadora Costarricense de Petroleo SA (RECOPE) – the state-owned Costa Rican refinery that refines nothing, but rather controls the import and distribution of fuels.
RECOPE sets fuel prices based on international market trends, but adjustments are made cautiously to avoid sudden spikes that could impact the economy and citizens. The government also applies taxes and subsidies strategically to smooth out price fluctuations.
See here the official price of all types of fuels.
The price is then approved, denied, or modified by the state regulatory authority, the ARESEP, which issues a final decision on the price at the pumps across the country and are typically higher than in many other countries
The modification is monthly.
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