Central America: Fuel Prices up to of July 31

Price of a gallon of regular gasoline: Costa Rica $3.68, Nicaragua $3.48, Honduras $3.26, El Salvador $2.87, Guatemala $2.80 and Panama $2.59.

Monday, July 31, 2017

Fuel Prices in Central America Al November 20th, 2017  

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

OPEC and non-member countries met in Russia in the city of St. Petersburg to review market conditions and generate new proposals linked to their pact to reduce production, in which they considered extending their cut beyond March 2018, the Saudi Arabia's Minister energy minister, Khalid al-Falih, said his country would limit crude oil exports to about 6.6 million barrels per day, almost one million below a year ago, in order to help accelerate the rebalancing of global supply and demand. Click to interact with graphicsClick to interact with graphics

In the United States, reports published by the International Energy Agency (IEA) show a sharp decline in crude oil reserves in the last two weeks. 

Added to this, price instability has put unconventional oil producers on alert, preventing them from aggressively resuming production, lower drilling growth and slowing up the overabundance of supplies, which means an increase in international prices of derivatives.

Prices in dollarsRegularSpecialDiesel
El Salvador2.873.042.39
Guatemala2.803.002.19
Honduras3.263.562.81
Nicaragua3.483.562.87
Costa Rica3.683.852.91
Panamá*2.592.662.18
*Data taken from Acodeco.gob.pa



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Central America: Fuel Prices as of July 3

July 2017

Price of a gallon of regular gasoline: $3.83, Honduras $3.64, Nicaragua $3.44, Guatemala $2.98, El Salvador $2.93, and Panama $2.60.

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

This is the second consecutive drop in the reference prices for gasoline and diesel, which is due to the trend of a global supply surplus, despite the fact that the United States has reduced its production in recent weeks, its reserves of crude oil and oil products remaining above their historical levels to date; In addition OPEC member Libya did not subscribe to the continuation of the pact for the reduction on the part of countries belonging to the organization, made last month in Vienna.[GRAFICA caption = "Click to interact with graphics"]

Central America: Fuel Prices up to June 19

June 2017

Price of gallon of regular gasoline: Costa Rica $3.91, Nicaragua $3.60, Honduras $3.58, Guatemala $3.08, El Salvador $3.05 and Panama $2.74.

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

The reference prices for gasoline and diesel in the current fortnight show decreases of up to - $0.09 reacting to geopolitical, monetary, supply-demand and excess global production factors which repeatedly affect the price of oil and its derivatives, at present the effect of instability and volatility in prices is due to: 

Central America: Fuel Prices up to May 9

May 2017

Price of the gallon of regular gasoline: Costa Rica $4.05, Honduras $3.69, Nicaragua $3.58, Guatemala and El Salvador $3.06, and Panama, $2.81.

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

The current reference prices for gasoline and diesel are trending downwards due to supply and demand, on the demand side, there is less economic activity in the world, especially in China; while on the supply side, as a consequence of a rapid recovery in unconventional oil extraction from wells in the United States and a slow reduction of inventories of this nation have caused a decrease in prices. Likewise, the prices of hydrocarbons are surrounded by uncertainty about the course of the meeting that OPEC will hold on May 25 in Vienna, Austria, where further efforts will be made to reduce oil extraction by member and non-member countries until the end of the year. This year, in addition to geopolitical factors that are affecting prices in significant way and which could vary from moment to moment.[GRAFICA caption = "Click to interact with graphics"]

Central America: Fuel Prices up to February 27

February 2017

Price of gallon of regular gasoline: Costa Rica $3.93, Nicaragua $3.46, Honduras $3.39, Guatemala $2.92, El Salvador $2.86 and Panama $2.70.

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

Reference prices in the current fortnight show mixed trends caused directly by rising average prices of petroleum, a situation that has been going on for months, which is why in the current fortnight, diesel prices have been affected.

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