From the Ministry of Economy of El Salvador report:

The upward trend in fuel prices for the current fortnight is because of reduced reserves of gasoline and distillates such as diesel reported by the IEA. In the last week the decrease in gasoline was 4.2 million barrels, the largest decline recorded in 2019. Also, distillates for heating (Diesel) also recorded a significant reduction of 2.3 million barrels in the week, thus recording its seventh consecutive decline in inventories in 2019.

In addition to the above, there is also the uncertainty that is still maintained by the next meeting of the countries belonging and not belonging to OPEC, who will meet in Vienna, capital of Austria, in April to verify the compliance and continuity of the production cut of 1.2 million barrels of oil per day. This cut has affected the increase in international prices and, according to experts, could be extended until June of this year, generating high expectations and instability in the oil prices and its derivatives.

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More on this topic

Fuel Consumption Starts 2020 Downwards

March 2020

During January of this year in Panama 90 million gallons of fuel were sold, a figure that is 7% less than that reported in the same month of 2019.

The General Comptroller of the Republic reported that during the first month of 2020, gasoline consumption in the country, which includes 91 and 95 octanes, fell to 27.9 million gallons, 1.3% more than the 27.5 million gallons registered in January 2019.

Central America: Fuel Prices up to December 3rd

December 2018

Price per gallon of regular gasoline: Costa Rica $3.93, Nicaragua $3.55, Honduras $3.48, El Salvador $2.97, Guatemala $2.92 and Panama $2.77.

From the Ministry of Economy of El Salvador report:

During the last two months, the oil and its derivatives production has reached higher figures than expected, this is because the two largest producers, the United States and Saudi Arabia, have recorded figures never seen before.

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.

Gas Prices in Central America up to September 2, 2014

September 2014

Prices of a gallon of regular gas: Panama $3.90, Elsalvador $4.00, Guatemala $4.06, Honduras $4.57, Nicaragua $4.68, Costa Rica $5.22.

From a press release issued by the Ministry of Economy of El Salvador (Minec):

The Ministry of Finance announced on September 1, new variations in the reference prices for fuel, which will be in effect from 2 to 15 of September 2014.