Central America: Fuel Prices up to February 25

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.

Monday, February 25, 2019

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.

Another of the productive factors affecting international prices is the firm compliance with the agreement of the OPEC countries that decided, at the end of December 2018, to reduce production by 1.2 million barrels a day, to avoid overabundance of reserves in 2019. According to the latest reports provided by experts, the organization has reduced on average 1.1 million barrels per day with an approximate compliance of 92%, these events directly affect world prices, because it generates less supply.

Prices in dollars
Regular
Special
Diesel
Guatemala
2,82
2,97
2,74
El Salvador
2,89
3,13
2,97
Nicaragua
3,36
3,52
3,30
Honduras
3,24
3,60
3,22
Costa Rica
3,50
3,59
3,24
Panama*
2,63
2,78
2,69
*Prices taken from Acodeco.gob.pa

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More on this topic

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 January 2nd

January 2019

Price per gallon of regular gasoline: Costa Rica $3.94, Nicaragua $3.35, Honduras $3.27, El Salvador $2.78, Guatemala $2.78 and Panama $2.64.

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

The latest report from 2018, provided by the International Energy Agency (AIE) reports that gasoline reserves experienced a significant increase of slightly more than 3.0 million barrels per week against expert forecasts that predicted a minimum increase of just 50,000 barrels per week. Also, distillates such as diesel, kept their production rate and was almost invariable its trend with respect to the previous week, as it only increased 2,000 barrels in the week, against an expectation of a 500 thousand barrels reduction, which despite the favorable environment for the reduction of such a derivative of oil along with heating, its stability allows prices to be downward, along with those of gasoline.

Central America: Fuel Prices up to December 14th

December 2018

Price per gallon of regular gas: Costa Rica $3.94, Nicaragua $3.38, Honduras $3.36, El Salvador $2.86, Guatemala $2.82 and Panama $2.64.

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

The current reference prices keep a clear downward trend, because of the oversupply provided by the three largest producers of oil and its derivatives, which represent 40% of world production.

Central America: Fuel Prices up to July 30

July 2018

Price of a gallon of regular gasoline: Costa Rica $4.33, Nicaragua $3.96, Honduras $3.76, El Salvador $3.53, Guatemala $3.44 and Panama $3.22.

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

For the second consecutive week there are mixed trends in the reference prices of liquid fuels in El Salvador, due to the international behavior of prices of oil and its derivatives, which according to the latest report from the Energy Information Administration Agency (EIA), show that the United States has seen a reduction in weekly gasoline reserves of 2.3 million barrels, since the North American country is in the summer period and it is the travel season when the highest amount of fuel consumption occurs; However, production (refining) has remained stable, since it has only decreased by 37,000 barrels of an estimated production of 1.5 million barrels per day, which has helped stabilize market prices.

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