Central America: Fuel Prices as of March 24

Price per gallon of regular gasoline: Costa Rica $3.87, Nicaragua $3.28, Honduras $3.27, Guatemala $2.93, El Salvador $2.54 and Panama, $2.81

Monday, March 23, 2020

From the Ministry of Economy report of El Salvador:

The current reference prices present significant declines for gasoline and diesel, these declines respond directly to the events of the break of the pact between OPEC, led by Saudi Arabia, and the countries that had made an alliance with the organization, represented by Russia.

Last March 6, during the meeting, no agreement was reached to stabilize the prices of oil and derivatives, through a new reduction in production. Russia refused to accept the plan and its Energy Minister, Alexander Novak, notified that they would enter into a serious battle to gain market share when he mentioned that the countries could produce as much as they wanted and as a result, all the obligations of the parties within the agreement, which limited the production of oil and derivatives, were cancelled.

Prices in USD
Regular
Special
Diesel
Guatemala
2,93
3,06
2,31
El Salvador
2,54
2,79
2,34
Nicaragua
3,28
3,48
2,88
Honduras
3,27
3,64
2,89
Costa Rica
3,87
4,03
3,31
Panama*
2,81
2,96
2,46
*Prices taken from Acodeco.gob.pa

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More on this topic

Central America: Fuel Prices up to March 10

March 2020

Price per gallon of regular gasoline: Costa Rica $3.82, Nicaragua $3.61, Honduras $3.39, Guatemala $2.99, El Salvador $2.98 and Panama $2.81.

From the Ministry of Economy of El Salvador report:

The current reference prices for gasoline and diesel maintain a mixed trend (ups and downs), these variations are because of the continuous fall in the reserves of these products.

Central America: Fuel Prices up to July 16

July 2019

Price per gallon of regular gasoline: Costa Rica $4.12, Nicaragua $3.82, Honduras $3.44, El Salvador $3.29, Guatemala $3.22 and Panama $3.04.

From the Ministry of Economy of El Salvador:

The current increases in liquid fuels (gasoline and diesel) are influenced by the decrease in the extraction of oil and processing of derivatives.

Central America: Fuel Prices up to January 28th

January 2019

Price per gallon of regular gasoline: Costa Rica $3.64, Nicaragua $3.31, Honduras $3.17, El Salvador $2.78, Guatemala $2.73 and Panama $2.56.

From the Ministry of Economy of El Salvador report:

The upward trend of the reference prices for the present fortnight, follows the agreement to reduce production by 1.2 million barrels per day by the member countries and non-members of the Organization of Petroleum Exporting Countries (OPEC) that began on January 1, 2019, has reverted the downward behavior of the prices of all oil derivatives such as gasoline and diesel, a clear example of the firm compliance of such reduction is Saudi Arabia, the largest producer of the organization, which has assumed most of the reduction to 468,000 barrels per day, also at the end of December 2018 the organization had already reduced an approximate 750,000 barrels per day between crude oil and derivatives, which has impacted on international prices for 2019.

Central America: Fuel Prices up to of July 31

July 2017

Price of a gallon of regular gasoline: Costa Rica $3.68, Nicaragua $3.48, Honduras $3.26, El Salvador $2.87, Guatemala $2.80 and Panama $2.59.

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

OPEC and non-member countries met in Russia in the city of St.

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