The approval of the new prices was published in the official government newspaper La Gazeta.
- A.M. Costa Rica illustrative photo -















Published Wednesday, October 28, 2020


Lower gasoline prices



By the A.M. Costa Rica staff

The Public Services Regulatory Authority, ARESEP, approved a new reduction in the price of fuel that is effective as of today.

The new rates are:

Super gasoline: reduced ₡37 colones, new rate of ₡571 colones (about 95 U.S. cents) per liter.

Gasoline Plus 91 (regular): reduced ₡32 colones, new rate of ₡546 (about 91 U.S. cents) per liter.

Diesel: reduced ₡47 colones, new rate of ₡440 (about 73 U.S. cents) per liter

The approval of the new prices was published in the official government newspaper La Gazeta.

In April, the deputies of Congress approved the bill that allows the freezing of fuel prices. The bill passed with 50 votes for and 1 against it.

The goal was to raise ₡27 billion colones, approximately $47,706,354, to benefit 75,000 families across the country through an aid bonus.

According to the deputies, file No. 21.909, entitled Law for the protection of working people, created a fund with the excess of fuel prices to give aid to people who lost their jobs during the emergency due to covid-19.

The new law froze the price of fuel for three months, from May to July, this way the excess in the price of fuels sold in Costa Rica was saved because of the global drop in oil prices.

The profit on fuel price was collected by the Costa Rican Oil Refinery, RECOPE, and transferred to the Ministry of Finance, within the first five business days of each month.

The law, if needed, can extend the freeze for three more months, the Congress said in its statement.


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What is the price of a liter of fuel in your country?
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