The improvement of the U.S. dollar against the colon has a downside for expats here. The exchange rate figures in calculations of the price of imported petroleum.
So super gasoline is going up 28 colons (5.5 U.S. cents) to 740 colons ($1.47) a liter, and the lower-grade plus is going up 36 colons (7.1 U.S. cents) to 726 colons ($1.44).
In terms of U.S. measures, this means that plus will be selling for $5.45 a gallon and super for $5.55.
In the last week the U.S. dollar has risen against the colon to 504.5 colons for one U.S. dollar and 514 colons being required to buy at U.S. dollars. The price regulator, the Authoridad Reguladora de Servicios Públicos based its calculations on a 505.35 exchange rate.
For some expats the good news is that diesel is going down 6 colons once the new prices are published in the official government newspaper. The new price will be 627 a liter. That’s $1.24 a liter or $4.70 per U.S. gallon.
Costa Rica imports all its petroleum via the Refinadora Costarricense de Petróleo, S.A., a national monopoly.