Fuel prices in Guatemala do not reflect the drop in the price of oil

International prices for a barrel of crude oil have dropped $31 in the last 30 days, but local fuel prices are still high.

Wednesday, May 14, 2008

According to statistics from the Ministry of Energy and Mining (MEM), the average price of a gallon of super gasoline is $4.8 (Q35.57), a reduction of only $0.11 (Q0.82) per gallon, compared to $4.91 (Q36.39) in July, when the price of oil hit record highs.

More on this topic

Fuel Prices up to September 26, 2016

September 2016

Price of gallon of regular gasoline: Panama $2.55, Guatemala $2.73, El Salvador $2.70, Honduras $3.23, Nicaragua $3.29, and Costa Rica, $3.67.

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

The current reference prices of liquid fuels in El Salvador have reached new lows that will benefit the pockets of Salvadorans, coming after two consecutive increases, these price changes are directly due to the instability and volatility (ups and downs) in the international prices of petroleum products which are affected by global and geopolitical events; currently the countries of OPEC and Russia are scheduled to meet informally on Wednesday in Algeria, with the goal of fighting the over-supply of crude oil and its derivatives. Also, Libyan production has increased by about 390,000 barrels per day after the cessation of fighting between armed groups, just as Russia is flooding the market because of its near record highs in production, stated specialists, these facts are leading to an overabundance in supply in the global market for refined oil, thus destabilizing international prices.

Gas Prices in Central America up to January 5, 2015

January 2015

Price of a gallon of regular gasoline: Panama $2.57, El Salvador $2.80, Guatemala $2.90, Nicaragua $3.39, Honduras $3.55 and Costa Rica $4.55.

From a statement issued by the Ministry of Economy of El Salvador (MINEC):

During the month of December, the price of WTI (West Texas Intermediate) in the Gulf Coast of the United States had an average value of $57.31 per barrel, a decrease of -30.84% ​​compared to the previous month. In recent weeks international prices of petroleum products, recorded the following changes: -11.46% in the price of a gallon of premium gas, -9.09% in the price of regular gasoline and -7 35% in the price of diesel.

Gas Prices in Central America in July 2014

July 2014

Gallon of regular gas: $5.46 Costa Rica, Nicaragua $4.99, Honduras $4.81, Guatemala $4.36, El Salvador $4.24.

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

The Ministry of Finance announced on July 7, new variations on the reference prices for fuel, which will be in effect from 8 to 21 July 2014.

Gasoline Prices in Central America

February 2014

Price of a gallon of regular gasoline: Costa Rica and Honduras $4.86, Nicaragua $4.85, Guatemala and El Salvador $4.23.  

From information published by the Ministry of Economy of El Salvador (MINEC) :

MINEC announces changes in reference prices of gasoline and diesel.

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