Central America: Fuel Prices up to March 25

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.

Monday, March 25, 2019

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. During the last five consecutive weeks, gasoline reserves have decreased by an accumulated 16.8 million barrels, a decline not seen since the period from June to August 2017, when it was reduced by 14.7 million in seven consecutive weeks. Likewise, the inventories of distillates from which diesel is derived show a 4.1-million-barrel decrease, according to the latest weekly report provided by the IEA. These variations between the reserves of gasoline and distillates are because of the change of schedule to summer in the U.S. country, denoting a greater consumption of gasoline, therefore the prices of gasoline are those that experience the greatest increase.

Additionally, OPEC announced on Monday 18 of this month, the cancellation of the meeting that was agreed for April 17 and 18, by the member and non-member countries led by Russia, to evaluate if the production reduction was finished or the reduction was maintained; this decision is based on the fact that April would be too soon for a new policy on the production of oil and its derivatives, which will be taken up until the end of June, generating even more uncertainty in world markets, as well as a rise in international prices.

Prices in dollar
Regular
Special
Diesel
Guatemala
3,15
3,30
2,84
El Salvador
3,22
3,49
3,05
Nicaragua
3,72
3,91
3,39
Honduras
3,44
3,78
3,32
Costa Rica
3,57
3,66
3,30
Panamá
2,79
2,92
2,80
*Price taken from Acodeco.gob.pa

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More on this topic

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 March 11

March 2019

Price per gallon of regular gasoline: Costa Rica $3.51, Nicaragua $3.51, Honduras $3.31, El Salvador $2.04, Guatemala $2.96 and Panama $2.79.

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.

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.

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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