Central America: Fuel Prices up to March 10

Price per gallon of regular gasoline: Costa Rica $3.82, Nicaragua $3.61, Honduras $3.39, Guatemala $2.99, El Salvador $2.98 and Panama $2.81.

Monday, March 9, 2020

From the Ministry of Economy of El Salvador report:

The current reference prices for gasoline and diesel maintain a mixed trend (ups and downs), these variations are because of the continuous fall in the reserves of these products. The first report for March provided by the IEA, revealed that gasoline reserves decreased by 4.34 million barrels per week, in the same way, diesel decreased by 4 million barrels. Despite the decline in these products, prices have not increased exponentially, as crude oil reserves continue to rise, providing stability of raw material for refining.

Likewise, OPEC announced on March 6 that no agreement was reached between member countries led by Saudi Arabia and non-members led by Russia, on implementing a new cut of 1.5 million barrels per day, which was sought to be established until June 2020, where the countries belonging to the organization would be responsible for reducing 1 million barrels per day and the remaining would be done by non-members. The above, generated that international prices in the first week of March were fluctuating, because expectations among investors and producers remained cautious, since that agreement sought to generate increase in world prices of oil and its derivatives.


Prices in USD
Regular
Special
Diesel
Guatemala
2,99
3,13
2,39
El Salvador
2,98
3,20
2,65
Nicaragua
3,61
3,76
3,14
Honduras
3,39
3,74
2,99
Costa Rica
3,82
3,97
3,26
Panama*
2,81
2,96
2,46
*Prices taken from Acodeco.gob.pa

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Central America: Fuel Prices up to November 18

November 2019

Price per gallon of regular gasoline: Costa Rica $4, Nicaragua $3.56, Honduras $3.44, El Salvador $3.06, Guatemala $3.06 and Panama $2.86.

From the Ministry of Economy of El Salvador statement:

The current reference prices show their second consecutive decline in gasoline and diesel for the current fortnight, these decreases are the result of the increase in U.S.

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 March 25

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

February 2019

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.

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