Oil Purchase Up 29% in Honduras

2010 imports totaled $ 1.486.8 million, $ 335 million more than 2009.

Tuesday, March 15, 2011

By type of fuel, diesel leads with 33.8%, followed by bunker with 31% and gasoline with 26.7%.

Government projections for 2011 expect a 30% increase, reaching $ 2.000 million.

"In the opinion of the president of the Central Bank of Honduras (BCH), María Elena Mondragón, the population is now forced to carry out cost-saving measures, as well as the state and government", reported Latribuna.hn.



Market Intelligence

Everything about Fuel imports in Honduras.

Top importers - Quantities, amounts and prices.

more info

More on this topic

Oil Expenditure Increases 49% in El Salvador

September 2010

In the first eight months of the year oil imports rose to $ 987.8 million, 49.4% higher than the $ 661 million from the same period in 2009.

Traders and analysts attributed the increase to basically two factors, a higher price and an increase in domestic demand.

Daniel Choto of Elsalvador.com writes, "The greatest concern is that international crude price remained at around $ 75 during the period, well above-average closing price of late 2009, in which it went down substantially from the highs reached on July 11, 2008, when it reached $147 a barrel.”

Nicaragua's Fuel Bill Increases 80.7%

April 2011

In the first two months of the year, imports totaled $197.1 million, 80.7% more than in the same period of 2010.

The increase in the price of fuel will affect companies' transport costs and these in turn will impact product prices in a kind of domino effect.

Crude oil imports rose 4% in volume terms but in economic terms this equates to $200 million, 80% more than the amount purchased in the same period last year, since the price of a barrel has gone up to $90, according to a report from the Nicaraguan central bank (BCN).

Honduras: Gas Consumption Will Top $1.25 Billion in 2010

June 2010

Using gas consumption data from the first six months of the year, authorities estimated that the country will spend a total $1.25 billion in gas in 2010.

CAP, the Petrol Administration Committee, explained that this represents a 2% increase when compared to 2009.

“The organization added that 2009 closed 8.9% lower than 2008, due to the political crisis of June.

Costa Rica's Oil Bill Up 60%

August 2010

In the first six months of the year $818 million was spent on oil, 60% more than the $510 million spent in the same period of 2009.

According to information from the Costa Rican Central Bank (BCCR), the increase in the number of barrels consumed was 6%, going from 8.89 million to 9.57 million.

 close (x)

Receive more news about Energy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Tuthill Transfer Systems

Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Phone: (52) 55-5370-0602

Company Profile

Stock Indexes

(Dec 7)
Dow Jones
0.76%
S&P 500
0.49%
Nasdaq
0.51%

Commodities

(Dec 7)
Brent Crude Oil
54.29
Coffee "C"
142.3
Gold
1,176
Silver
17.215