Central America: Fuel Prices up to June 3

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.

Monday, June 3, 2019

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. Distillates such as diesel also showed changes in their reserves with a growth of 100 thousand barrels, although the increase is minimal, generates tranquility in the market and allows international prices to fall.

Likewise, because of the prolonged economic conflict between the two largest oil products consuming nations, the United States and China, both countries have not been able to obtain a tariff agreement between their exports, and several of the products already suffer up to 25% in tariffs. Because of this and if no agreement is reached, the global forecast of growth in demand for oil along with derivatives for the last half of 2019 would be reduced by half, which generates uncertainty for investors, causing a downward fluctuation.

Prices in dollars
Regular
Special
Diesel
Guatemala
3,28
3,44
2,84
El Salvador
3,34
3,54
3,13
Nicaragua
3,87
3,95
3,46
Honduras
3,66
4,01
3,39
Costa Rica
4,27
4,41
3,62
Panama*
3,14
3,21
2,87
*Prices taken from Acodeco.gob.pa

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More on this topic

Central America: Fuel Prices up to October 4

November 2019

Price per gallon of regular gasoline: Costa Rica $3.86, Nicaragua $3.53, Honduras $3.41, El Salvador $3.06, Guatemala $3.05 and Panama $2.83.

From the Ministry of Economy of El Salvador:

The current reference prices are low for gasoline and diesel nationally, this responds to the latest weekly report of oil reserves provided by the IEA, which reported a 5.07-million-barrel increase, well above the forecast of experts who predicted a superficial growth of just 500 thousand barrels per week. This generates continuity of raw material for petroleum products, even though gasoline reserves decreased 3.04 million barrels and diesel 1.03 million barrels per week.

Central America: Fuel Prices up to August 27

August 2019

Price per gallon of regular gasoline: Costa Rica $4.44, Nicaragua $3.61, Honduras $3.44, El Salvador $3.12, Guatemala $3.09 and Panama $2.93.

From the Ministry of Economy of El Salvador statement:

The reference prices for gasoline and diesel add their second consecutive decline for the current fortnight, the reductions are because of increases in production and refining by U.S.

Fuel Prices up to August 13, 2019

August 2019

Price per gallon of regular gasoline: Costa Rica $4.38, Nicaragua $3.78, Honduras $3.53, El Salvador $3.21, Guatemala $3.24 and Panama $3.03.

From the Ministry of Economy of El Salvador statement:

The reference prices for gasoline and diesel present important declines for the current fortnight, although the United States for several weeks had reflected losses in its reserves, in the last weekly report provided by the IEA, it is reported that increased its oil products and derivatives. Oil increased by 2.4 million barrels after 7 weeks of losses. Likewise, gasoline increased 4.4 million barrels, after two weeks of losses, together with distillates, such as diesel, showed a 1.5-million-barrel increase. The changes in reserves allowed international prices of oil derivatives to show a downward trend.

Central America: Fuel Prices up to May 20

May 2019

Price per gallon of regular gasoline: Costa Rica $4.26, Nicaragua $3.89, Honduras $3.72, El Salvador $3.42, Guatemala $3.38 and Panama $3.29.

From the Ministry of Economy of El Salvador statement:

The current reference prices reflect a downward trend, because during the first weeks of May, reserves of gasoline and distillates show minimal reductions, this has allowed prices to be more stable compared to the previous month, since the first half of May gasoline reported a 790,000-barrel decrease, while in April for the first half reported a 10.6-million-barrel reduction. Regarding diesel distillates, during the first fortnight of May a 1.4-million-barrel decrease was reported, while for the first fortnight of April it was 2.5 million barrels, a less marked difference, which affects the price of low-sulfur diesel for the next fortnight.

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