Central America: Fuel Prices up to February 11

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.

Monday, February 11, 2019

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. The cumulative reduction for gasoline is 1.722 million barrels, while experts expected a 4.401-million-barrel increase. Likewise, diesel presents a reduction in these last two weeks of 3.379 million barrels, when the experts' expectations were that the reduction was of approximately 3.814 million barrels, these decreases are because of the arctic cold wave that was experienced in the first week of February in most of the United States of America, which elevated the consumption of fuels.

Together with the reduction in inventories announced by the IEA, OPEC reported that for January 2019, 10,240 million barrels per day were produced, while for December it had produced 10,643 million barrels per day. This reduction, of approximately 400,000 barrels per day, between countries belonging to OPEC and those not belonging to the organization, has caused the prices of oil and its derivatives to fluctuate with an upward trend in international markets.

Prices in dollars
Regular
Special
Diesel
Guatemala
2.75
2.90
2.67
El Salvador
2.81
3.05
2.91
Nicaragua
3.28
3.45
3.25
Honduras
3.19
3.54
3.15
Costa Rica
3.48
3.57
3.22
Panamá
2.56
2.68
2.58
*Prices taken from Acodeco.gob.pa

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More on this topic

Central America: Fuel Prices up to July 16

July 2019

Price per gallon of regular gasoline: Costa Rica $4.12, Nicaragua $3.82, Honduras $3.44, El Salvador $3.29, Guatemala $3.22 and Panama $3.04.

From the Ministry of Economy of El Salvador:

The current increases in liquid fuels (gasoline and diesel) are influenced by the decrease in the extraction of oil and processing of derivatives.

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 July 2

July 2018

Price of a gallon of regular gasoline: Costa Rica $4.33, Nicaragua $3.98, Honduras $3.76, El Salvador $3.49, Guatemala $3.40 and Panama $3.28.

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

The latest reports provided by the International Energy Agency (IEA) reflect a clear increase in the refining of petroleum derivatives, including gasoline, heating distillates and diesel, for gasoline there was an increase in reserves of an approximate 6.76 million barrels, while in distillates and diesel there was an increase of approximately 2.81 million barrels, according to weekly data provided by the agency. In addition, an increase in refining operations was reported from 95.7% to 97.5% of capacity by North American companies at the end of June.

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