Central America: Fuel Prices up to July 30

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 30, 2019

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. This generates uncertainty in investors and producers, since oil is raw material for the generation of liquid fuels (gasoline and diesel) through refining, is cause for caution. This reduction was driven by the cut in production of the Organization of Petroleum Exporting Countries (OPEC) and the closure of oil towers, as well as refineries, caused by the hurricane and storm "Barry", which struck the Gulf of Mexico and the coasts of Louisiana.

In addition, the geopolitical tensions in recent weeks have increased their intensity between the United States and Iran in the Ormuz Strait, where 20% of the world's oil and petroleum products transit; and where European countries such as Great Britain, France and Germany have joined to ensure the free transit of cargo ships. However, Iran will not allow "anyone to commit irregularities", causing the international market to maintain an upward trend in its prices.

Prices in dollars
Regular
Special
Diesel
Guatemala
3,33
3,49
2,73
El Salvador
3,31
3,61
3,00
Nicaragua
3,88
4,05
3,35
Honduras
3,52
3,94
3,24
Costa Rica
4,19
4,33
3,47
Panama*
3,16
3,34
2,73
*Prices taken from Acodeco.gob.pa

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More on this topic

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 September 10

September 2018

Price of a gallon of regular gasoline: Costa Rica $4.3, Nicaragua $4, Honduras $3.8, El Salvador $3.51, Guatemala $3.47 and Panama, $3.25.

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

The meteorological report for the Gulf of Mexico, offered at the beginning of the week of September 3, caused increases in the prices of petroleum products, including distillates such as diesel, due to the imminent passage of tropical storm "Gordon". This climatic event threatened to become a hurricane, which put on alert all oil rig areas, approximately 54 platforms (Alabama, Mississippi and Louisiana) which were evacuated before the arrival of the storm, in addition floods of up to 1.5 meters were expected to occur due to the rising tide, in some refining areas.  

Central America: Fuel Prices up to August 28

August 2018

Price of a gallon of regular gasoline: Costa Rica $4.34, Nicaragua $3.96, Honduras $3.79, El Salvador $3.51, Guatemala $3.42 and Panama $3.25.

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

According to the latest report from the Energy Information Administration Agency (EIA), gasoline stocks grew close to 1.2 million barrels at the end of the week, while distillates and diesel increased by approximately 1.8 million barrels, the increase recorded, confirms the favorable moment for refineries because the production rate has remained at 98.1%, providing sufficient supply to the market.

Central America: Fuel Prices up to July 16

July 2018

Price of a gallon of regular gasoline: Costa Rica $4.33, Nicaragua $3.97, Honduras $3.74, El Salvador $3.51, Guatemala $3.46 and Panama $3.22.

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

Despite a drop in inventories of crude oil in the United States, of approximately 12 million barrels, reported in the last week by the International Energy Agency (IEA), inventories of oil derivatives such as gasoline and diesel have seen slight fluctuations, ranging between weeks of increase and reduction in reserves; Gasoline stocks were reduced by approximately 2,199 million barrels in the last two weeks, despite the fact that the trend after that date showed an increase of 1,156 million barrels, similarly heating and diesel distillates increased their reserves in the last week by 4,125 million barrels, after two weeks of no change in their reserves, all according to reports by the IEA.

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