Central America: Fuel Prices up to December 2

Price per gallon of regular gasoline: Costa Rica $4.12, Nicaragua $3.52, Honduras $3.45, El Salvador $3.07, Guatemala $3.05 and Panama $2.86.

Monday, December 2, 2019

From the Ministry of Economy of El Salvador statement:

The current reference prices present combined variation for gasoline and diesel; this trend responds to the economic conflict between the largest producer of oil and derivatives (United States) and the largest consumer of the same (China) that has extended for 16 months. The United States has scheduled for next December 15, a 15% increase in tariffs on Chinese products for a value of US$160 billion dollars, generating uncertainty in the international hydrocarbons market. Therefore, if such an increase is imposed, the demand for oil derivatives could decrease, generating an oversupply.

Likewise, OPEC will meet on December 5 and 6 in Vienna, Austria, to establish the production policy for the remainder of 2020, since the current one is agreed until March, with a reduction of 1.2 million barrels per day, in order to increase the prices of oil and its derivatives, which also generates secrecy in international markets.

Prices in USD
Regular
Special
Diesel
Guatemala
3,05
3,18
2,69
El Salvador
3,07
3,30
2,96
Nicaragua
3,52
3,69
3,27
Honduras
3,45
3,84
3,22
Costa Rica
4,12
4,24
3,68
Panama*
2,86
3,04
2,71
*Prices from Acodeco.gob.pa

Do you need to keep track of the key economic indicators in Central America?

Request more information about our Regional Economic Monitor.








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423

CentralAmericaData is the leading B2B market research company in Central America. We specialize in compiling, validating and analyzing data from the economic activities in Central American and South American countries, along with Mexico. We provide our clients and companies with presence in the region relevant information to define business strategies and make adequate decisions. Learn more about our services here



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.

Central America: Fuel Prices up to October 4

November 2019

Price per gallon of regular gasoline: Costa Rica $3.86, Nicaragua $3.53, Honduras $3.41, El Salvador $3.06, Guatemala $3.05 and Panama $2.83.

From the Ministry of Economy of El Salvador:

The current reference prices are low for gasoline and diesel nationally, this responds to the latest weekly report of oil reserves provided by the IEA, which reported a 5.07-million-barrel increase, well above the forecast of experts who predicted a superficial growth of just 500 thousand barrels per week. This generates continuity of raw material for petroleum products, even though gasoline reserves decreased 3.04 million barrels and diesel 1.03 million barrels per week.

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 9th

October 2018

Regular gasoline gallon price: Costa Rica $4.28, Nicaragua $3.99, Honduras $3.83, El Salvador $3.57, Guatemala $3.38, and Panama $3.21.

From the Ministry of Economy of El Salvador report:

As a result of the last meeting held by the Organization of Petroleum Exporting Countries (OPEC) in Algeria last September 23rd together with countries not belonging to the organization led by Russia, it was agreed not to increase the production of crude oil despite the deficit generated by the third largest producer of the organization (Iran), due to the financial sanctions imposed by the United States; This has directly impacted the international prices in a notorious tendency to increase in the last weeks, since there will be less product (crude oil and all its products) to offer before a growing demand, and that the United States by itself cannot cover, unless OPEC increases its production, a subject that will be taken up until the meeting on  December 3rd in Vienna, Austria.

 close (x)

Receive more news about Energy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Feb 19)
Brent Crude Oil
58.030
Coffee "C"
108.55
Gold
1,602
Silver
18.230