Central America: Fuel Prices up to August 27

Price per gallon of regular gasoline: Costa Rica $4.44, Nicaragua $3.61, Honduras $3.44, El Salvador $3.12, Guatemala $3.09 and Panama $2.93.

Monday, August 26, 2019

From the Ministry of Economy of El Salvador statement:

The reference prices for gasoline and diesel add their second consecutive decline for the current fortnight, the reductions are because of increases in production and refining by U.S. companies. According to reports provided by the IEA during August, it was reported that gasoline reserves increased 3.3 million barrels, in the same way diesel increased 2.1 million barrels in the last three weeks, generating that international prices of oil derivatives showed a downward trend.

Also, the prolonged commercial conflict between the United States and China has increased the tension in the prices of raw materials such as oil and processed products such as gasoline and diesel. The Asian giant responded to the imposition of US$300 billion in tariffs announced by the U.S. president in early August by imposing tariffs on U.S. goods worth US$75 billion as a countermeasure to tariffs. Both measures would enter into force on September 1. In this sense, global uncertainty is growing, as this would generate a drop in demand for oil and its derivatives.

Prices in USD
Regular
Special
Diesel
Guatemala
3,09
3,24
2,61
El Salvador
3,12
3,35
2,92
Nicaragua
3,61
3,71
3,25
Honduras
3,44
3,83
3,20
Costa Rica
4,44
4,61
3,62
Panamá*
2,93
3,04
2,63
*Prices taken from Acodeco.gob.pa

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More on this topic

Central America: Fuel Prices up to November 18

November 2019

Price per gallon of regular gasoline: Costa Rica $4, Nicaragua $3.56, Honduras $3.44, El Salvador $3.06, Guatemala $3.06 and Panama $2.86.

From the Ministry of Economy of El Salvador statement:

The current reference prices show their second consecutive decline in gasoline and diesel for the current fortnight, these decreases are the result of the increase in U.S.

Fuel Prices up to August 13, 2019

August 2019

Price per gallon of regular gasoline: Costa Rica $4.38, Nicaragua $3.78, Honduras $3.53, El Salvador $3.21, Guatemala $3.24 and Panama $3.03.

From the Ministry of Economy of El Salvador statement:

The reference prices for gasoline and diesel present important declines for the current fortnight, although the United States for several weeks had reflected losses in its reserves, in the last weekly report provided by the IEA, it is reported that increased its oil products and derivatives. Oil increased by 2.4 million barrels after 7 weeks of losses. Likewise, gasoline increased 4.4 million barrels, after two weeks of losses, together with distillates, such as diesel, showed a 1.5-million-barrel increase. The changes in reserves allowed international prices of oil derivatives to show a downward trend.

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 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.

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