Central America: Fuel Prices up to September 10

Price of a gallon of regular gasoline: Costa Rica $4.3, Nicaragua $4, Honduras $3.8, El Salvador $3.51, Guatemala $3.47 and Panama, $3.25.

Monday, September 10, 2018

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

The meteorological report for the Gulf of Mexico, offered at the beginning of the week of September 3, caused increases in the prices of petroleum products, including distillates such as diesel, due to the imminent passage of tropical storm "Gordon". This climatic event threatened to become a hurricane, which put on alert all oil rig areas, approximately 54 platforms (Alabama, Mississippi and Louisiana) which were evacuated before the arrival of the storm, in addition floods of up to 1.5 meters were expected to occur due to the rising tide, in some refining areas.  

At the end of the week it was reported that the storm had reduced in strength giving peace of mind to producers who resumed their work, however, this generated uncertainty in international prices during the period of the weather event in the oil market.
Likewise, economic tensions between China and the United States continue, since the Asian country is the third most important destination to which the United States exports its petroleum products, producing variability in international price trends, and consequently led to a mixed trend for the reference prices for the current fortnight.


Price in dollarsRegularSpecialDiesel
El Salvador3.513.673.27
Guatemala3.473.633.00
Honduras3.804.123.49
Nicaragua4.004.053.63
Costa Rica4.294.413.66
Panama*3.343.252.91
*Prices taken from Acodeco.gob.pa

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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 October 22nd

October 2018

Price per gallon of standard gasoline: Costa Rica $4.21, Nicaragua $4.07, Honduras $3.87, El Salvador $3.56, Guatemala $3.52 and Panama $3.21.

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

According to data from the IEA, the United States is in full season of hurricanes and the passing of Hurricane Michael through the Gulf of Mexico, on the production of crude oil and derivatives, generated losses in the two days of closure of the storm that represented about 9% of U.S. production of 11.1 million barrels per day. Making the reference prices for gasoline and distillates will present mixed fluctuations.

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 April 24

April 2018

Price of the gallon of regular gasoline: Costa Rica $4.10, Nicaragua $3.86, Honduras $3.66, El Guatemala $3.43, Salvador $3.42 and Panama $3.05.

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

The current geopolitical events in the Middle East, in particular an attack on Syria led by the coalition of the United States, France and the United Kingdom, has caused great uncertainty among investors and prices in the Hydrocarbons market, due to the fact that this could lead to a substantial decrease in production, in addition to the one that the Organization of Petroleum Exporting Countries (OPEC) has had in place since the end of 2016, affecting world supply and causing prices to maintain their upward trend.[GRAFICA caption = "Click to interact with graph"]

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