El Salvador: Lowest fuel prices in CA

The price of oil in the international market and the local reference system have caused a reduction in gas prices.

Tuesday, November 25, 2008

The Ministry of Economy confirms that the country has managed to maintain some of the best ranked prices since they started to use the reference price system which provides weekly variations.

"These are important reductions, which are due to the performance of the international market," said Francisco Peña, director of Petroleum and Mining.



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Gas Prices in Central America up to September 2, 2014

September 2014

Prices of a gallon of regular gas: Panama $3.90, Elsalvador $4.00, Guatemala $4.06, Honduras $4.57, Nicaragua $4.68, Costa Rica $5.22.

From a press release issued by the Ministry of Economy of El Salvador (Minec):

The Ministry of Finance announced on September 1, new variations in the reference prices for fuel, which will be in effect from 2 to 15 of September 2014.

Fuel Prices in Central America

July 2014

Prices for a gallon of regular gas: $5.46 Costa Rica, $4.99 Nicaragua, $4.81 Honduras, $4.36 Guatemala, $4.24 El Salvador.

From a statement issued by the Ministry of Economy in El Salvador:

The Ministry of Finance announced this July 21, new variations on the reference prices for fuel, which will be effective from 22 July to 4 August 2014.

Gas Prices in Central America

November 2013

Prices of a gallon of regular gas: Costa Rica $5.05, Nicaragua $4.35, Honduras $4.10, El Salvador $3.79 and Guatemala $3.88.

From information published by the Ministry of Economy of El Salvador:

Reference prices for fuels from 26 November to 9 December

MINEC announces new variations on the reference prices for fuel

El Salvador: Price referencing mechanism comes into force

September 2008

Starting yesterday, and every Monday from now on, the Ministry of the Economy will publish the "official" price reference to regulate the fuel market.

The new mechanism announced yesterday by the Minister of the Economy, and the new director of petroleum and mining, Francisco Antonio Peña Rodriguez, includes a formula that considers at least four variables to determine the local price of a gallon of fuel sold at the pump.

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