Funes Rules Out Freeze on Fuel Prices

The Salvadoran President ruled out the possibility of freezing fuel prices which have reached $ 5 a gallon.

Tuesday, March 15, 2011

When asked about the additional increase announced by the Ministry of Economy, Funes said: "We will not issue a decree to freeze prices. We do not want to intervene abusively in the market (...) the Economic team is working on a solution to the situation."

Prensalibre.com added more comments from the President: "The production of ethanol and biodiesel is much cheaper in price, much friendlier to the environment and would also boost the national agricultural activity."

More on this topic

Fuel Prices in Central America

May 2009

Average market prices up to and including April 22, 2009 for diesel and gasoline in the countries of the region, according to the Ministry of the Economy of El Salvador.

El Salvador has the most competitive prices in Central America and only Guatemala gives it competition, according to indications from market polls conducted last week across Central America.

Fuel prices up to June 6, 2016

June 2016

Price of gallon of regular gasoline: Panamá $2,63, Guatemala $2,71, El Salvador $2,81, Honduras $3,22, Nicaragua $3,46, y Costa Rica, $3,36.

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

The Ministry of Economy announced on June 6, that the reference prices for fuels, in force from 7 to 20 June 2016, will experience an increase in their prices. 

Fuel Prices - August 3, 2015

August 2015

Gallon of regular gasoline: Panamá $3,17, Guatemala $3,15, El Salvador $3,21, Honduras $3,83, Nicaragua $3,95 y Costa Rica $4,45.

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

The Ministry of Economy announced on August 3 that the reference prices for fuels (gasoline and diesel), effective from 4 to August 17, 2015, will experience significant reductions.

El Salvador Prepares New Formula for Calculating Fuel Prices

January 2011

The proposed new formula serving as reference for fuels could start in late January.

Carlos Aquilino Duarte, director of Hydrocarbons for the Ministry of Economy, stated that due to problems in the development of software for collecting and processing data, they had to postpone the start until the end of the month.

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