Central America: Fuel Prices up to April 22

Price per gallon of regular gasoline: Nicaragua $3.81, Costa Rica $3.76, Honduras $3.62, El Salvador $3.44, Guatemala $3.22 and Panama $3.07.

Monday, April 22, 2019

From the Ministry of Economy of El Salvador statement:

The increase in the price of oil derivatives is because of a reduction in oil and derivatives worldwide by OPEC and non OPEC countries led by Russia, which have surpassed their own limit of 1.2 million barrels per day to 1.4 million barrels per day in March.

It also affects the latest decline in inventories, according to IEA reports. In the last two weeks, gasoline was reduced by 8.9 million barrels, and to a lesser extent diesel, which on average was reduced by 500 thousand barrels. This is because at the beginning of April most U.S. refineries began maintenance, so the refineries must close briefly. This leads to a faster reduction in general reserves.

These factors generate a bullish streak in international prices, because when there is less supply, the value to be paid in the market rises, generating uncertainty and instability in prices at the international level.

Prices in dollars
Regular
Special
Diesel
Guatemala
3,29
3,44
2,84
El Salvador
3,44
3,71
3,08
Nicaragua
3,81
4,02
3,37
Honduras
3,62
4,03
3,34
Costa Rica
3,76
3,86
3,39
Panama*
3,07
3,28
2,78
*Prices taken from Acodeco.gob.pa

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More on this topic

Central America: Fuel Prices up to March 25

March 2019

Price per gallon of regular gasoline: Nicaragua $3.72, Costa Rica $3.57, Honduras $3.44, El Salvador $3.22, Guatemala $3.15 and Panama $2.79.

From the statement of the Ministry of Economy of El Salvador:

The increase in reference prices for this fortnight is because gasoline inventories have experienced their largest decline since February until the last weekly report provided on Wednesday March 20 by the IEA.

Central America: Fuel Prices up to March 11

March 2019

Price per gallon of regular gasoline: Costa Rica $3.51, Nicaragua $3.51, Honduras $3.31, El Salvador $2.04, Guatemala $2.96 and Panama $2.79.

From the Ministry of Economy of El Salvador report:

The upward trend in fuel prices for the current fortnight is because of reduced reserves of gasoline and distillates such as diesel reported by the IEA.

Central America: Fuel Prices up to February 25

February 2019

Price per gallon of regular gasoline: Costa Rica $3.50, Nicaragua $3.36, Honduras $3.24, El Salvador $2.82, Guatemala $2.82 and Panama $2.63.

From the Ministry of Economy of El Salvador report:

The increase in fuel prices for this fortnight is because of production factors, according to the latest report provided by the IEA, gasoline reserves showed a weekly reduction of 1.5 million barrels, also distillates such as diesel decreased by 1.4 million barrels per week; these inventory reductions affect the tendency of prices to rise, because there are fewer gasoline and diesel reserves to supply the existing demand in the hydrocarbon market, which generates this effect in the international prices of oil derivatives.

Central America: Fuel Prices up to February 11

February 2019

Price per gallon of regular gasoline: Costa Rica $3.48, Nicaragua $3.28, Honduras $3.19, El Salvador $2.81, Guatemala $2.75 and Panama $2.56.

From the Ministry of Economy of El Salvador report:

The increase in the reference prices for the current fortnight, according to the last two reports provided by the IEA, is because the reserves of gasoline and diesel show decreases in the last two weeks.

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