Central America: Fuel Prices up to February 13

Price of gallon of regular gasoline: Costa Rica $3.94, Nicaragua $3.47, Honduras $3.43, Guatemala $2.89, El Salvador $2.86 y Panama $2.70.

Monday, February 13, 2017

Fuel Prices in Central America Al May 8th, 2018  


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

The volatility of international prices of products (gasoline and diesel) in the oil market persists, being the main factor affecting reference prices for fuels. It is worth noting that as final consumers we should be aware that the instability of oil prices and their fluctuations are permanent factors, making assertions and predictions about future prices unpredictable, however in the current fortnight trends in international prices have been caused by the following events:

Iran has discovered new oil reserves amounting to several million barrels.  Oil prices also deepened their losses amid dollar strength due to signs that US energy firms increased the number of platforms for the thirteenth week. 

Meanwhile, effects of OPEC agreements continue to drag on, causing the oil market to be prone to show unexpected changes and alert to the performance of fracking (unconventional oil extraction) in the United States.

El Salvador
Costa Rica

* Data taken from Acodeco.gob.pa

More on this topic

Food: Global prices - April 2019

May 2019

In the fourth month of the year, the FAO food price index fell 2% over the same month in 2018, explained by the decline in prices of meat, cereals and vegetable oils.

From FAO's monthly report:

The FAO Food Price Index* (FFPI) rose in April 2019 to around 170 points, 1.5 percent (2.5 points) higher than in March and marking its highest value since June 2018.

Global Food Prices - October 2017

October 2017

In September, the FAO food price index went up 4.3% year-on-year due to an increase in prices of vegetable oils and dairy products.

» The FAO Food Price Index* (FFPI) averaged 178.4 points in September 2017, up 1.4 points (0.8 percent) from August and 7.4 points (4.3 percent) above September 2016.

Global Food Prices - July 2016

August 2016

After five consecutive months of increases, the index of food prices fell slightly in July, reflecting a reduction in the prices of cereals and vegetable oils.

From a statement issued by the Food and Agriculture Organization:

4 August 2016, Rome – The international prices for major food commodities saw a modest decline in July, following five consecutive months of increases. The FAO Food Price Index (FPI) averaged 161.9 points in July 2016, slipping 0.8 percent (1.3 points) below its level in June and 1.4 percent below its level of July 2015.The overall decline of the Index was largely caused by drops in international quotations of grains and vegetable oils, more than offsetting firmer dairy, meat and sugar prices.

Projections for Commodity Prices

July 2015

The World Bank has forecast a reduction in the international price of beef and chicken, cocoa, arabica and robusta coffee, and bananas, and increases in the price of corn.

From a statement issued by the World Bank:

WASHINGTON, July 22, 2015 –The World Bank is nudging up its 2015 forecast for crude oil prices from $53 in April to $57 per barrel after oil prices rose 17 percent in the Apr-Jun quarter, according to the Bank’s latest Commodity Markets Outlook, a quarterly update on the state of the international commodity markets.

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