Something historical is about to happen. For the first time, the price of super gasoline will be lower than the price of regular. The rate adjustment scheduled for November, still to be finalized, will have a price of ₡818 per liter of regular and ₡790 per liter of super.
This is being referred to as an “atypical distortion” by the Public Services Regulatory Authority (Aresep).
These rates are because of the fact that the Costa Rican Oil Refinery (Recope) imported regular and super gasoline on different dates and the prices were different on the international market. On September 15, Recipe paid $107.87 per barrel of super and bought 300,000 of them. On October 9, it purchased 314,000 barrels of regular, at $123.21 per barrel. This high price is due to an announcement about a cut in the international oil supply and derivatives.
Since 1994, regular gasoline, RON91, has never cost more than super, RON95.
Next month, Recipe foresees a reduction of ₡56 per liter of super and a rise of ₡28 per liter of regular. Diesel would drop ₡47 to ₡818, the same price as regular.