Central America: Fuel Prices up to July 2

Price per gallon of regular gasoline: Costa Rica $4.29, Nicaragua $3.62, Honduras $3.47, El Salvador $3.16, Guatemala $3.09 and Panama $2.90.

Tuesday, July 2, 2019

From the Ministry of Economy of El Salvador statement:

The reference prices for gasoline and diesel present lows for the present fortnight, this trend is because of the good time presented by the refineries for the first half of May, where there were significant increases in reserves of gasoline and diesel. Although reductions were reflected in the second fortnight, according to reports from the IEA, it was announced that gasoline increased 1.28 million barrels and to a lesser extent diesel increased 558 thousand barrels in the month of May. The previous productive factors favored a downward trend in international prices of petroleum products.

Additionally, the countries belonging and not belonging to the Organization of Petroleum Exporting Countries (OPEC) will meet on July 1 and 2 in Vienna, Austria, to decide whether or not to extend its cut in production of oil and derivatives until the end of 2019, with the aim of affecting world prices so that they tend to rise. However, so far there is no unanimous decision, which has generated uncertainty in investors and producers, who are waiting for the final decision to be taken by the representatives of each nation around the production for the final semester of 2019.

Prices in dollars
Regular
Special
Diesel
Guatemala
3,09
3,25
2,63
El Salvador
3,16
3,41
2,93
Nicaragua
3,62
3,78
3,22
Honduras
3,47
3,84
3,23
Costa Rica
4,29
4,41
3,68
Panama*
2,90
3,02
2,60
*Prices taken from Acodeco.gob.pa

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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 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 January 15th

January 2019

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.

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.

Central America: Fuel Prices up to July 2

July 2018

Price of a gallon of regular gasoline: Costa Rica $4.33, Nicaragua $3.98, Honduras $3.76, El Salvador $3.49, Guatemala $3.40 and Panama $3.28.

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

The latest reports provided by the International Energy Agency (IEA) reflect a clear increase in the refining of petroleum derivatives, including gasoline, heating distillates and diesel, for gasoline there was an increase in reserves of an approximate 6.76 million barrels, while in distillates and diesel there was an increase of approximately 2.81 million barrels, according to weekly data provided by the agency. In addition, an increase in refining operations was reported from 95.7% to 97.5% of capacity by North American companies at the end of June.

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