Central America: Fuel Prices up to December 16

Price of a gallon of regular gasoline: Costa Rica $ 4.07, Nicaragua $ 3.52, Honduras $ 3.45, El Salvador $ 3.04, Guatemala $ 3.02 and Panama, $ 2.83.

Monday, December 16, 2019

From the Ministry of Economy of El Salvador:

The current reference prices present their second combined variation for gasoline and diesel; this trend is the result of the increase in gasoline and distillate reserves. The IEA reported, in the last two weeks, an 8.79-million-barrel increase for gasoline. Likewise, the distillates from which diesel is derived reported a 7.18-million-barrel increase, generating a mixed fluctuation in the international prices of hydrocarbons.

Additionally, OPEC met last December 5 and 6 in Vienna, Austria, where they established an additional cut of 500,000 barrels to the 1.2 million that were in force since the beginning of 2019, thus reaching a total reduction of 1.7 million barrels per day and will be re-evaluated until March 2020. This generated that the prices in the international market presented mixed tendencies throughout the week following that meeting.

Prices in USDRegularSpecial Diesel
Guatemala 3,023,152,70
El Salvador3,043,262,97
Nicaragua3,523,683,31
Honduras3,453,833,22
Costa Rica4,074,173,60
Panama*2,832,982,68
*Prices taken from Acodeco.gob.pa

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More on this topic

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 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 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.

Central America: Fuel Prices up to October 22nd

October 2018

Price per gallon of standard gasoline: Costa Rica $4.21, Nicaragua $4.07, Honduras $3.87, El Salvador $3.56, Guatemala $3.52 and Panama $3.21.

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

According to data from the IEA, the United States is in full season of hurricanes and the passing of Hurricane Michael through the Gulf of Mexico, on the production of crude oil and derivatives, generated losses in the two days of closure of the storm that represented about 9% of U.S. production of 11.1 million barrels per day. Making the reference prices for gasoline and distillates will present mixed fluctuations.

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