Central America: Fuel Prices up to November 18

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.

Monday, November 18, 2019

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. oil reserves. In the last report provided by the IEA, was announced a third consecutive increase worth 2.21 million barrels per week, likewise, gasoline reserves showed a 1.86 million barrels per week increase. Although the reserves of diesel and distillates showed a 2.48 million barrels per week decrease, no major impact was generated thanks to the timely oil reserve maintained by the U.S. country, ensuring raw material to generate future fuels.

In addition, OPEC is on the eve of its general meeting on December 5-6 in Vienna, Austria. At that meeting, the policy of cuts will have to be reviewed and confirmed, since for the moment the cut of 1.2 million barrels per day, which began in January 2019 and would continue until March 2020, is maintained. for the moment, the policy has not provided the results expected by the organization, which is reflected in the international prices of oil and its derivatives, generating uncertainty in the future.

Prices in USD
Regular
Special
Diesel
Guatemala
3,06
3,21
2,73
El Salvador
3,06
3,30
2,97
Nicaragua
3,56
3,76
3,27
Honduras
3,44
3,86
3,25
Costa Rica
4,00
4,11
3,57
Panama*
2,86
3,04
2,71
*Prices 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 April 9

April 2019

Price per gallon of regular gasoline: Nicaragua $3.81, Costa Rica $3.76, Honduras $3.53, El Salvador $3.36, Guatemala $3.22 and Panama $3.07.

From the Ministry of Economy of El Salvador statement:

The increases in gasoline prices for the current fortnight are largely because of the prolonged fall in gasoline reserves, which add up to 7 consecutive weeks, according to reports provided by the IEA, detailing a reduction of 21.4 million barrels. This decline is equivalent to the one suffered between February and April 2017, which in 10 consecutive weeks reduced 22.9 million barrels, which reflects the marked difference in the increase in prices of regular and higher gasoline.

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 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.

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