Central America: Fuel Prices as of July 3

Price of a gallon of regular gasoline: $3.83, Honduras $3.64, Nicaragua $3.44, Guatemala $2.98, El Salvador $2.93, and Panama $2.60.

Monday, July 3, 2017

Fuel Prices in Central America Al November 20th, 2017  

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

This is the second consecutive drop in the reference prices for gasoline and diesel, which is due to the trend of a global supply surplus, despite the fact that the United States has reduced its production in recent weeks, its reserves of crude oil and oil products remaining above their historical levels to date; In addition OPEC member Libya did not subscribe to the continuation of the pact for the reduction on the part of countries belonging to the organization, made last month in Vienna.Click to interact with graphicsClick to interact with graphics

In addition, among the many opinions put forward by experts, is the fear that an increase in production by Libya along with that of Nigeria and the abundance in inventories of the United States will offset the reduction made by the OPEC countries, while crude oil production continues to rise and inventories are not declining fast enough instability will be created in crude oil and oil product prices.


Price in dollarsDieselRegularSpecial
El Salvador2.292.932.76
Guatemala2.152.982.77
Honduras2.863.642.86
Nicaragua2.763.443.36
Costa Rica2.903.833.66
Panama2.182.602.69
*Data taken from Acodeco.gob.pa

More on this topic

Central America: Fuel Prices up to November 6

November 2017

Price of gallon of regular gasoline: Costa Rica $3.99, Nicaragua $3.58, Honduras $3.42, Guatemala $3.06, El Salvador $3 and Panama $2.83.

From a report by the Ministry of Economy of El Salvador:

The current reference prices are experiencing increases in all petroleum products (gasoline and diesel) due to the positive outlook for global fuel demand, and a decline in reserves, together with the expectations of the next meeting of the OPEC (Organization of Petroleum Exporting Countries) at the end of November in Vienna. [GRAFICA caption = "Click to interact with graphics"]

Central America: Fuel Prices up to July 17

July 2017

Price of a gallon of regular gasoline: Costa Rica $3.85, Honduras $3.54, Nicaragua $3.49, Guatemala $2.98, El Salvador $2.94 and Panama $2.59.

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

The current reference prices for gasoline and diesel show a slight upward trend due to fluctuations that repeatedly affect or benefit the international market for oil products; As well as a reduction in the production that the United States reported in its weekly report provided by the United States Energy Information Administration (EIA), that oil reserves had fallen by approximately 7.5 million barrels, doubling what was anticipated by experts in the hydrocarbons market, in addition to an acceleration in the growth of demand in China. [GRAPHIC caption = "Click to interact with the graph"]

Central America: Fuel Prices up to June 19

June 2017

Price of gallon of regular gasoline: Costa Rica $3.91, Nicaragua $3.60, Honduras $3.58, Guatemala $3.08, El Salvador $3.05 and Panama $2.74.

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

The reference prices for gasoline and diesel in the current fortnight show decreases of up to - $0.09 reacting to geopolitical, monetary, supply-demand and excess global production factors which repeatedly affect the price of oil and its derivatives, at present the effect of instability and volatility in prices is due to: 

Central America: Fuel Prices up to May 9

May 2017

Price of the gallon of regular gasoline: Costa Rica $4.05, Honduras $3.69, Nicaragua $3.58, Guatemala and El Salvador $3.06, and Panama, $2.81.

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

The current reference prices for gasoline and diesel are trending downwards due to supply and demand, on the demand side, there is less economic activity in the world, especially in China; while on the supply side, as a consequence of a rapid recovery in unconventional oil extraction from wells in the United States and a slow reduction of inventories of this nation have caused a decrease in prices. Likewise, the prices of hydrocarbons are surrounded by uncertainty about the course of the meeting that OPEC will hold on May 25 in Vienna, Austria, where further efforts will be made to reduce oil extraction by member and non-member countries until the end of the year. This year, in addition to geopolitical factors that are affecting prices in significant way and which could vary from moment to moment.[GRAFICA caption = "Click to interact with graphics"]

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