Gas Price Reduction Coming in January for Costa Rica

Costa Rica News – We will likely ring in the new year with a reduction in the price of super and regular gas.

The liter of super will go from ¢628 to ¢601 and regular from ¢605 to ¢593. This is due to a reduction request by the Costa Rican Petroleum Refinery (Recope).

The reduction is due to a decrease in the international price of imported fuels, corresponding to the average period of 30 days between when Recope acquires fuels abroad and the time when price adjustments are made to consumers for those purchases.

The request was made to the Public Services Regulatory Authority (Aresep). Aresep has 15 days to make a decision on the matter. It is expected to be approved without any problems.

The adjustment would then be made the day after it is published in La Gaceta. However, the newspaper will be closed the last week of December, so it will be delayed until the first week of January.