Fuel Prices Costa Rica

From energypedia

Part of: GIZ International Fuel Price database
Also see: Costa Rica Energy Situation

Fuel Pricing Policies

Local Currency: CRC
Exchange Rate: 500.64


Last Update:

"Pricing policy: The regulatory authority adjusts fuel prices, uniform throughout the country, every month based on the average international prices during the previous 15 days and the exchange rate. LPG prices are independent of cylinder size, reflecting cross-subsidization. The price-setting mechanism formally includes citizen participation whereby objections can be lodged and considered by the regulatory authority. In Jun 2008, government eliminated taxes on diesel and switched the levy to gasoline to protect the vulnerable from surging oil prices. Costa Rica is a member of the Friends of Fossil Fuel Subsidy Reform.

Information: The national refining company posts detailed information on price adjustments on its Web site going back to 1994.

Compensation: An audit reported in 2012 found that fishing boats had received a total of US$112 million in subsidized fuel (on which taxes had been levied) in the last seven years.

(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)

Fuel Prices and Trends

Gasoline 95 Octane Diesel
in USD*

in Local Currency

* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil

Fuel Price Composition

Price composition for one litre of Gasoline 95 Octane as of 2010/09/01.

GIZ IFP2012 Costa Rica1.png
GIZ IFP2012 Costa Rica2.png

Source: http://www.recope.go.cr/info_clientes/precios_productos/


At a Glance

Transparency of
Price Composition
Transparency of Pricing
Mechanism / Monitoring
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Sources to the Public

Type of Information Web-Link / Source
Price Composition http://www.aresep.go.cr/cgi-bin/index.fwx?area=09&cmd=servicios&id=5262&sub=6219
Pump prices and margins http://www.recope.go.cr/info_clientes/precios_productos/
Wholesale Prices http://www.recope.go.cr/info_clientes/precios_productos/


Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de