El Salvador: Fuels That Cost Less
The pattern of import price parity, free competition and technical cost cause El Salvador to have the lowest prices in Central America.
Tuesday, March 17, 2009
Francisco Peña, Salvadoran Minister of the Economy, said that "the elimination of other entities with business interests at stake” is also a contributing factor because "they can no longer continue to issue opinions on the subject of prices,” thus influencing the market.
The Ministry of Economy in El Salvador will submit for review the formula for establishing the reference prices of petrol and diesel.
The Salvadoran President ruled out the possibility of freezing fuel prices which have reached $ 5 a gallon.
The stability in prices will be maintained through January, despite the changes reported in the international market, the Ministry of Economy reported.
The Salvadoran Petroleum Industry Association and the Ministry of the Economy published a comparative analysis of the region on August 15.
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