Recope Asks For Another
Increase In Gasoline
Prices
Although consumers of
diesel fuel got a
reprieve for the latest
round of fuel price
hikes following the
government's action to
subsidize the cost of
diesel fuel, consumers
of regular and super
gasoline, are not so
lucky as the state
refinery, Refinadora
Costarricense de
Petróleo (Recope), made
its latest request for a
hike of ¢58 colones a
litre.
The price hike, once
approved by the
Autoridad Reguladora de
Servicioa Público and
published in the
official government
publicatin La Gaceta,
will set a record for
fuel prices in the
country.
The new prices will be
¢714 colones for a litre
of super and ¢702
colones for regular, up
from the current ¢656
and ¢644 respectively.
Recope was to have
requested a whopping ¢85
colones hike on the
price of diesel, but to
government action it
will remain unchanged
from the ¢622 colones
per litre at the pump,
though Recope will get
its increase, coming
from the government's
purse.
The recent devaluation
of the colon against the
US dollar, the conflicts
in Nigeria and Iran and
the incapacity to refine
are some of the reasons
given by Recope for the
rising fuel prices.
The increase is expected
to be approved and to
take effect by not later
than the middle of July.
The price of a litre of
super gasoline in June
2007 was ¢588; regular
¢552; and diesel ¢392.
In June 2003, the price
of fuel was ¢249 colones
a litre for super ¢238
for regular and ¢175.5
for diesel. The
Colon/Dollar exchange on
14 June 2003 was ¢396.30
for the buy and ¢397.07
for the sell.
Source:
- Fuel price history:
Recope
- Exchange rate: BCCR |
