Central America: Fuel Prices up to January 28

Price per gallon of regular gasoline: Costa Rica $4.07, Nicaragua $3.52, Honduras $3.45, El Salvador $3.04, Guatemala $3.02 and Panama, $2.83

Monday, January 27, 2020

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

The current reference prices for gasoline and diesel, show low prices at national level, due to the outcome of the conflict between the United States and Iran, where the Arab country attacked two military bases located in Iraqi territory. After that, the probability of a war between both nations was dissipated before the response of the North American country, which decided to implement economic sanctions to the oil, steel production, iron and copper of the Iranian country.

Likewise, the IEA reported that during the last two weeks, gasoline reserves presented a substantial increase of 8.42 million barrels. Similarly, diesel reserves reported a growth of 6.99 million barrels in the same period, allowing tranquility in the market to a short-term forecast.

Prices in USD
Regular
Special
Diesel
Guatemala
3,16
3,29
2,82
El Salvador
3,07
3,30
2,96
Nicaragua
3,59
3,74
3,33
Honduras
3,56
3,92
3,33
Costa Rica
4,01
4,14
3,60
Panamá*
2,93
3,07
2,81
*Prices taken from Acodeco.gob.pa



More on this topic

Central America: Fuel Prices up to July 30

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 statement:

The reference prices for gasoline and diesel show increases in this fortnight, because of the shortage presented by the United States in oil reserves by 10.8 million barrels according to the weekly report of the IEA.

Central America: Fuel Prices up to June 3

June 2019

Price per gallon of regular gasoline: Costa Rica $4.27, Nicaragua $3.87, Honduras $3.66, El Salvador $3.34, Guatemala $3.28 and Panama $3.14.

From the Ministry of Economy of El Salvador statement:

The current downward trend in all petroleum products is because during the last half of May the IEA reported that gasoline reserves experienced a 4.8-million-barrel growth, providing stability to the demand for this product.

Central America: Fuel Prices up to November 19th

November 2018

Price per gallon of regular gas: Costa Rica $4.11, Nicaragua $3.83, Honduras $3.66, Guatemala $3.17, El Salvador $3.16 and Panama $2.98.

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

The latest production and export reports from the United States and Saudi Arabia have provided international price relief for oil and its products.

Central America: Fuel Prices up to May 21

May 2018

Price of a gallon of regular gasoline: Costa Rica $4.22, Nicaragua $3.99, Honduras $3.78, El Salvador $3.58, Guatemala $3.54 and Panama $3.24.

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

The latest report provided by the IEA states that inventories of oil and its derivatives from the United States fell by 1.4 million barrels, which has affected prices in the global market; likewise, gasoline inventories dropped by 3.8 million barrels, while distillate and diesel reserves decreased by 100,000 barrels; It should be noted that during the last two weeks these inventories have decreased a total of 7.7 million barrels, these figures impact the prices of domestic liquid fuels, due to the fact that El Salvador is a net importer of petroleum products.

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