Saturday, June 27th, 2015 | USD: Buy 528.81 / Sell 541.11
July 16th, 2014 (InsideCostaRica.com) The Costa Rican Oil Refinery (RECOPE) has withdrawn a request to regulator ARESEP for another large increase in fuel prices.
RECOPE had filed a request with the regulator on July 9th to increase the price of premium gasoline by ¢29 per liter and regular gasoline by ¢27 per liter.
RECOPE executive president, Sara Salazar said the request was made without her permission or knowledge.
Salazar said requests for price adjustments were previously handled independently by the Administrative and Finance division of RECOPE, without the involvement of the Executive President, but Salazar had issued an order upon taking up her post that all such requests must now be made with her knowledge and approval.