Central America: Fuel Prices up to January 15th

Price per gallon of regular gasoline: Costa Rica $3.59, Nicaragua $3.21, Honduras $3.20, El Salvador $2.74, Guatemala $2.66 and Panama $2.64.

Monday, January 14, 2019

From the Ministry of Economy of El Salvador report:

The downward trend of the reference prices for the present fortnight is mainly due to the increase of the gasoline reserves and the oil distillates of the United States of America (USA); according to the last report by the IEA, the gasoline reserves increased by 8.1 million barrels per week, the greatest increase in the last 6 weeks; likewise, the reserves of distilled fuels, such as diesel also increased by 10.6 million barrels per week, being the greatest increase in the last 3 weeks.

In addition, it has contributed to the drop in prices, the positive moment experienced by refineries that have an installed capacity of 96.1% in oil processing to obtain as a final result oil derivatives which include gasoline and diesel, together with the record reached by the U.S. for the generation of 11.7 million barrels of oil per week, making it easier for supplies to be well supplied to date, even though at the beginning of January the countries belonging to the Organization of Petroleum Exporting Countries (OPEC), as well as non-member countries, have implemented and complied with the reduction of oil production by 1.2 million barrels daily for the first semester of 2019, causing uncertainty in international prices.

Prices in dollars
Regular
Special
Diesel
Guatemala
2,66
2,81
2,49
El Salvador
2,74
2,93
2,77
Nicaragua
3,21
3,34
3,08
Honduras
3,20
3,53
3,08
Costa Rica
3,59
3,68
3,30
Panama*
2,64
2,75
2,61
*Prices takes from Acodeco.gob.pa

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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 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 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 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.

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