Central America: Fuel Prices up to November 19th

Price per gallon of regular gas: Costa Rica $4.11, Nicaragua $3.83, Honduras $3.66, Guatemala $3.17, El Salvador $3.16 and Panama $2.98.

Monday, November 19, 2018

From the report of the Ministry of Economy of El Salvador:

The latest production and export reports from the United States and Saudi Arabia have provided international price relief for oil and its products. The North American country, through the International Energy Agency (IEA), reported that in the last week it reached a maximum production of 11.6 million barrels a day (100 thousand barrels more than two weeks ago) due to unconventional production (shale). While the Arab country, the largest producer of the Organization of the Petroleum Exporting Countries (OPEC), reported an increase of approximately 127 thousand barrels more to 10.8 million barrels per day, which has led to an excess in supply over current demand for fuels.

A further determining factor emerges after the U.S. administration eased its position regarding the sanctions imposed on Iran from November 4th and granted exonerations to Iran to eight countries, among Asians and Europeans, import oil and derivatives from the Iranian country, this temporary concession of 6 months allows for more supply in the world market. Due to these productive and geopolitical events, El Salvador will experience significant declines in all liquid fuel prices for the current fortnight. Compared to the reference prices of the previous period, the following variations in derivative products are observed: 6.11% in special gasoline, -6.23% in regular gasoline, -3.24% in diesel and -3.23% in low-sulfur diesel.

Prices in dollars
Regular
Special
Diesel
Guatemala
3.17
3.32
3.04
El Salvador
3.16
3.38
3.30
Nicaragua
3.83
3.97
3.69
Honduras
3.66
4.01
3.60
Costa Rica
4.11
4.23
3.65
Panamá*
2.98
3.09
3.02
*Prices from Acodeco.gob.pa

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More on this topic

Central America: Fuel Prices up to May 20

May 2019

Price per gallon of regular gasoline: Costa Rica $4.26, Nicaragua $3.89, Honduras $3.72, El Salvador $3.42, Guatemala $3.38 and Panama $3.29.

From the Ministry of Economy of El Salvador statement:

The current reference prices reflect a downward trend, because during the first weeks of May, reserves of gasoline and distillates show minimal reductions, this has allowed prices to be more stable compared to the previous month, since the first half of May gasoline reported a 790,000-barrel decrease, while in April for the first half reported a 10.6-million-barrel reduction. Regarding diesel distillates, during the first fortnight of May a 1.4-million-barrel decrease was reported, while for the first fortnight of April it was 2.5 million barrels, a less marked difference, which affects the price of low-sulfur diesel for the next fortnight.

Central America: Fuel Prices up to January 15th

January 2019

Price per gallon of regular gasoline: Costa Rica $3.59, Nicaragua $3.21, Honduras $3.20, El Salvador $2.74, Guatemala $2.66 and Panama $2.64.

From the Ministry of Economy of El Salvador report:

The downward trend of the reference prices for the present fortnight is mainly due to the increase of the gasoline reserves and the oil distillates of the United States of America (USA); according to the last report by the IEA, the gasoline reserves increased by 8.1 million barrels per week, the greatest increase in the last 6 weeks; likewise, the reserves of distilled fuels, such as diesel also increased by 10.6 million barrels per week, being the greatest increase in the last 3 weeks.

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 2

July 2018

Price of a gallon of regular gasoline: Costa Rica $4.33, Nicaragua $3.98, Honduras $3.76, El Salvador $3.49, Guatemala $3.40 and Panama $3.28.

From a report by the Ministry of Economy of El Salvador:

The latest reports provided by the International Energy Agency (IEA) reflect a clear increase in the refining of petroleum derivatives, including gasoline, heating distillates and diesel, for gasoline there was an increase in reserves of an approximate 6.76 million barrels, while in distillates and diesel there was an increase of approximately 2.81 million barrels, according to weekly data provided by the agency. In addition, an increase in refining operations was reported from 95.7% to 97.5% of capacity by North American companies at the end of June.

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