Costa Rica: Ruling on Rise in Industrial Fuels

The Constitutional Chamber has rejected the appeal filed by deputies against the presidential decree that prevented a 72% increase in LP gas prices and 35% in bunker fuel.

Tuesday, May 23, 2017

From a statement issued by the Chamber of Industry:

"The Chamber of Industries of Costa Rica has welcomed the rejection by the Constitutional Chamber of the case of unconstitutionality brought by the Deputy of the PUSC Luis Vásquez and other Deputies against the Sectoral Policy of the Executive Power regarding the prices of industrial fuels, corresponding to Executive Decree 39437 of the MINAE, signed in January of last year. This defeats once more the specter of an excessive and disproportionate increase in fuel prices which our industry uses to compete in the world and with the world.

Today the IV Chamber has ruled in our favor and once again good sense, sanity, prudence and legal certainty prevails. By not even accepting the case of unconstitutionality, the IV Chamber once again gives support to brave industrialists, the productive sector, the generation of employment, decreasing unemployment and to citizens on low incomes. The industrialists and the productive sector have in the Chamber of industries of Costa Rica someone to defend them in any conjuncture or terrain.

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More on this topic

Costa Rica: Subsidy for Industrial Fuels

August 2016

Industrialists in Costa Rica are opposed to the appeal lodged by deputies against the presidential decree that prevented the rise of 72% in the price of LP gas and 35% in bunker fuel.

From a statement issued by the Chamber of Industries of Costa Rica:

Costa Rica: Oil and Diesel Will Keep Subsidizing Gas

January 2016

Concern over the serious impact on the productive sector of a 72% increase in gas prices has faded, while accusations of inefficiency and a monopolistic state oil company still persist.

Although the ARESEP is expecting to submit to a public hearing the new pricing methodology which would eliminate the subsidy from the cost of Liquefied Petroleum Gas (LPG), asphalt and bunker fuel, and increase the cost of a 25 pound cylinder from ¢ 6,410 to ¢8,470, the Government of the Republic has decreed a new sector policy for prices, in order to avoid the increases proposed by the regulator.

Costa Rica: Hikes of up to 72% on Industrial Fuels

December 2015

Increases up to 72% are expected in the price of gas and 35% in bunker fuel if a proposal put forward by ARESEP to reduce the price of gasoline and diesel by 2% is successful.

From a statement issued by the Chamber of Industries of Costa Rica:

Monday December 7, 2015. While industrial companies are making significant efforts to increase production and create jobs, the ARESEP has announced that in order to reduce gasoline and diesel by 2% it will increase the cost of bunker fuel by 35% and by the cost of Petroleum liquid gas 72%.

Central American Fuel Market

October 2013

A recently released analysis of the fuel sector's regional distribution chain provides a comparison of the prices of gasoline, diesel, and LPG from 2002-2013.

By Mr. Raphael Vilagut-Vega:

Complete, detailed, timely and reliable statistics are essential for monitoring the energy situation in Central America which has not escaped from the energy crisis, both in terms of electricity and oil rates.

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