Central America: Fuel Prices up to May 6

Price per gallon of regular gasoline: Nicaragua $4.01, Costa Rica $3.80, Honduras $3.70, El Salvador $3.49, Guatemala $3.44 and Panama $3.27.

Monday, May 6, 2019

From the Ministry of Economy of El Salvador statement:

The current reference prices are affected by the continuous decrease suffered in the inventories of gasoline and distillates such as diesel. According to the latest reports provided by the IEA, in April the reduction of gasoline registered an accumulated of 11.9 million barrels and distillates, from which diesel is extracted, registered 4.4 million barrels. This continuity directly affects the prices of oil derivatives, as it generates uncertainty in the markets and investors by observing abrupt drops in reserves and maintaining upward trends in prices.

Similarly, the United States ended the exemptions given to Iran in November 2018, where the U.S. allowed 8 countries (India, Italy, Greece, Japan, South Korea, Turkey, China and Taiwan) to import oil from the country of the Middle East, which was the third largest producer before the sanctions imposed. This brings uncertainty to the world scene, as it would be a drop of approximately 1.4 million barrels per day that would no longer be supplying the existing demand.

Prices in dollars
Regular
Special
Diesel
Guatemala
3,44
3,59
2,89
El Salvador
3,49
3,73
3,19
Nicaragua
4,01
4,11
3,48
Honduras
3,70
4,09
3,38
Costa Rica
3,80
3,91
3,42
Panama*
3,27
3,38
2,87
*Prices 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 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.

Central America: Fuel Prices up to July 30

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 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.

Central America: Fuel Prices up to May 21

May 2018

Price of a gallon of regular gasoline: Costa Rica $4.22, Nicaragua $3.99, Honduras $3.78, El Salvador $3.58, Guatemala $3.54 and Panama $3.24.

From a statement issued by the Ministry of Economy of El Salvador:

The latest report provided by the IEA states that inventories of oil and its derivatives from the United States fell by 1.4 million barrels, which has affected prices in the global market; likewise, gasoline inventories dropped by 3.8 million barrels, while distillate and diesel reserves decreased by 100,000 barrels; It should be noted that during the last two weeks these inventories have decreased a total of 7.7 million barrels, these figures impact the prices of domestic liquid fuels, due to the fact that El Salvador is a net importer of petroleum products.

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