Central America: Fuel Prices up to August 13

Price of a gallon of regular gasoline: Costa Rica $4.34, Nicaragua $3.95, Honduras $3.78, El Salvador $3.52, Guatemala $3.50 and Panama $3.24.

Monday, August 13, 2018

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

August 13, 2018. The trends that have led to fuel prices experiencing highs and lows are due to fears about trade disputes between the United States and China, which has led to reduced demand, since the Asian country is the world's largest importer of oil and its derivatives.

Also, according to the latest report provided by the Energy Information Administration (AIE), gasoline inventories increased by 2.9 million barrels and diesel by 1.2 million barrels, in the one week period. These events have meant that international prices of petroleum products have seen no greater fluctuation, therefore, in recent weeks the variations in prices have been minimal.

Price in dollarsRegularSpecialDiesel
El Salvador3.523.733.18
Guatemala3.503.652.97
Honduras3.784.143.49
Nicaragua3.954.033.46
Costa Rica4.344.493.68
Panama*3.243.322.92
*Prices taken from Acodeco.gob.pa

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More on this topic

Central America: Fuel Prices up to February 25

February 2020

Price per gallon of regular gasoline: Costa Rica $4.10, Nicaragua $3.51, Honduras $3.39, El Salvador $2.95, Guatemala $2.92 and Panama $2.81.

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

The current reference prices for gasoline and diesel show a mixed trend (ups and downs), these variations are due to the continuous fall in the reserves of these products, according to reports provided by the IEA in February 2020. The reserves for gasoline have reduced 2.16 million barrels, likewise for diesel, its reserves have decreased 4.16 million barrels, along with a lack of oil production, which in its last week barely paid to its reserves 414 thousand barrels, causing international prices to fluctuate.

Central America: Fuel Prices up to May 20

May 2019

Price per gallon of regular gasoline: Costa Rica $4.26, Nicaragua $3.89, Honduras $3.72, El Salvador $3.42, Guatemala $3.38 and Panama $3.29.

From the Ministry of Economy of El Salvador statement:

The current reference prices reflect a downward trend, because during the first weeks of May, reserves of gasoline and distillates show minimal reductions, this has allowed prices to be more stable compared to the previous month, since the first half of May gasoline reported a 790,000-barrel decrease, while in April for the first half reported a 10.6-million-barrel reduction. Regarding diesel distillates, during the first fortnight of May a 1.4-million-barrel decrease was reported, while for the first fortnight of April it was 2.5 million barrels, a less marked difference, which affects the price of low-sulfur diesel for the next fortnight.

Central America: Fuel Prices up to April 22

April 2019

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.

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.

Central America: Fuel Prices up to May 21

May 2018

Price of a gallon of regular gasoline: Costa Rica $4.22, Nicaragua $3.99, Honduras $3.78, El Salvador $3.58, Guatemala $3.54 and Panama $3.24.

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

The latest report provided by the IEA states that inventories of oil and its derivatives from the United States fell by 1.4 million barrels, which has affected prices in the global market; likewise, gasoline inventories dropped by 3.8 million barrels, while distillate and diesel reserves decreased by 100,000 barrels; It should be noted that during the last two weeks these inventories have decreased a total of 7.7 million barrels, these figures impact the prices of domestic liquid fuels, due to the fact that El Salvador is a net importer of petroleum products.

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