Costa Rica: New Model for Calculating Fuel Prices

The regulatory authority is investigating a new methodology for setting fuel prices.

Wednesday, February 9, 2011

The proposal would set a maximum selling price and gas stations could sell below that ceiling by way of discounts.

Currently, the Regulatory Authority for Public Services (Aresep) sets a single price for each type of fuel which the gas station must apply throughout the country, regardless of their sales volume.

Nacion.com reports, Aresep "... is behind this plan in order to encourage competition in the sale of fuel inside the country."

More on this topic

Gas Prices in Central America

October 2013

Prices per gallon of Super gasoline are: $5.38 Costa Rica, $4.73 Nicaragua, $4.58 Honduras, $4.21 Guatemala, $4.24 El Salvador and Panama $3.94 .

Report on the average consumer prices for Gasoline and Diesel in Central America, effective as of the week 6th to 12th of October 2013, based on official prices and monitoring or surveys carried out by the various DGs of Hydrocarbons or equivalent in the capitals of each Central American country .

Gas Prices in Central America

May 2013

Price per gallon of Super gasoline , highest to lowest: $5.54 Costa Rica, Nicaragua $5.07, $4.71 Honduras, El Salvador: $4.34, $4.33 and Panama Guatemala $4.22.

A report has been released detailing the average consumer prices for Gasoline and Diesel in Central America, effective in the week 12 to May 18, 2013, based on official prices and monitoring or surveys carried out by the various DGs of Hydrocarbons or equivalent in the capital of each Central American country.

Panama Has the Cheapest Fuel

January 2013

Costa Rica and Nicaragua had the highest prices in the region for premium gasoline, regular gasoline and diesel.

According to monitoring conducted by the hydrocarbons directorates in each country, Panama has the lowest gas prices in Central America.

According to an article on Panamaamerica.com.pa, for the last week of December and early January, Costa Rica and Nicaragua had the highest prices in the region for premium and regular gasoline and diesel, and among those maintain the lowest prices, Panama topped the list.

Monopolies and Expensive Fuel

October 2012

Costa Rica, where fuels are under the state monopoly of the Costa Rican Oil Refinery (RECOPE), has become the country with the highest gas prices in Central America.

Juan Carlos Hidalgo, on his blog on Elfinancierocr.com, says the latest increase pushed up the price of better quality gasoline above $1.50, and that even President Chinchilla has made public her concern over the situation.

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