Aresep Examines Possible Diesel Price Increase and Gasoline Reduction - Expat Community

Aresep Examines Possible Diesel Price Increase and Gasoline Reduction

Oct 13, 2023 | Costa Rica, News & Articles | 0 comments

  • Diesel may increase by ₡9, while Regular gasoline could drop by ₡29.
  • Super gasoline could see a ₡3 decrease, as calculated by Recope.



The Public Services Regulatory Authority (Aresep) has begun analyzing data provided by the Costa Rican Oil Refinery (Recope) to determine an extraordinary price study that will take effect in November.


The refinery proposed a ₡29 reduction in the per-liter price of Regular gasoline and ₡3 for Super gasoline and Liquefied Petroleum Gas (LPG). Meanwhile, diesel prices may rise by ₡9.


The conditions leading to this adjustment are related to the purchases made by the refinery in the international market and the exchange rate.


Therefore, the prices may be as follows:


Super Gasoline: ₡807 (-₡3)
Regular Gasoline: ₡751 (-₡29)
Diesel: ₡714 (+₡9)
LPG: ₡6,814 (-₡3)


According to Recope, under current regulations, Aresep is responsible for monthly fuel price calculations, a process that takes an average of 24 days.


It is important to note that the regulatory body establishes the final prices based on the current methodology’s application.


“Now, it’s our responsibility to verify that the information is complete and conduct the study to submit it for the process,” Aresep added.



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