Central America: Fuel Prices up to July 16

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.

Tuesday, July 16, 2019

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. In the last two weeks the IEA reported a reduction in reserves of 10.58 million barrels of oil and a reduction of 3.03 million barrels of gasoline, generating uncertainty in the international market, reflected in rising prices.

Likewise, tropical storm Barry, which threatens to become a hurricane in the Gulf of Mexico, has caused the closure of approximately 15 oil platforms, stopping their production, as well as several refineries on the coasts of Louisiana, have stopped their operations, which could generate greater decreases in oil reserves and their derivatives.

Additionally, on July 2, 2019 OPEC and the non-member countries led by Russia decided to keep unchanged the cut in production of oil and oil products by 1.2 million barrels per day until March 2020, nine months after the agreement began in January of this year, in order to preserve the increase in international prices in the hydrocarbon market.

Prices in USD
Regular
Special
Diesel
Guatemala
3,22
3,38
2,76
El Salvador
3,29
3,57
2,99
Nicaragua
3,82
3,99
3,33
Honduras
3,44
3,84
3,20
Costa Rica
4,12
4,26
3,41
Panama*
3,04
3,17
2,72
*Prices taken from Acodeco.gob.pa

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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 February 25

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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 February 11

February 2019

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.

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.

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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