Published on Monday, April 8, 2024

By the A.M. Costa Rica staff

The Public Services Regulatory Authority (Aresep) has approved an increase in the price of gasoline and LPG fuel gas.

Aresep is the public organization in charge of setting the price of public services requested by the Costa Rica Oil Company (Recope).

Recope, the state-owned corporation in charge of importing, distributing, and selling fuels in Costa Rica, stated that the new rates were authorized based on expenses recorded in the gasoline and liquefied gas markets when the products were acquired. Gasoline prices increase somewhat per liter. However, there will be no change to the price of the diesel.

Authorities report a rise in gasoline costs despite a decrease in the dollar-colones exchange rate from ₡560 per $1 on March 1, 2023, to ₡514 per $1 on March 1, 2024.

The new prices will be as follows:

• Super gasoline increased to ₡728 colones per liter, about $1.45.

• Plus 91 gasoline (known as regular) increased to ₡691 colon per liter, about $1.38.

• Diesel remains unchanged at ₡638 colones per liter, about $1.25.

• Liquefied petroleum gas (LPG), for use in heating appliances, cooking and vehicles, increased at ₡7,628 colones per 25-pound gas cylinder, about $15.25.

The new rates go into effect tonight after being published in the official government newspaper La Gaceta.

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