During 2020 the price of hydrocarbons was considerably reduced, but currently in the international market the price of a barrel of oil exceeds $60, which is similar to the amount reported prior to the covid-19 pandemic.

You may be interested in "Oiling: Regional Purchases Are Recovering"

Marvin Altamirano, president of the Association of Nicaraguan Transporters (ATN), told Laprensa.com.ni that "... the high price of fuels has led us to propose a 5% to 10% increase per transport service to the companies, because the current rates are not sustainable."

In order for cargo transports rates to be maintained, the head of the association believes that the Government must ensure the regulation of the prices of fuels sold at the country's stations.

Cesar Arevalo, specialist in hydrocarbons, explained that "... although the trend at international level was a price increase, which is therefore applied in Nicaragua, the truth is that these should rise less than the variation in the international markets, due to the fact that all these local fuel prices are overpriced when sold to the consumer."

Although the price of a barrel of oil has suffered upward pressures, it is predicted that in the next few weeks the price will stabilize, a situation that could be explained by the optimistic perspectives for the demand of oil.

Source: laprensa.com.ni

Do you need information on the hydrocarbon market? Contact Us

Your message has been sent. We will contact you shortly.

Name*

Last Name*

Email:*

Telephone (Country):*

Company:*

Title:*

Size of the Company:* Choose one... Less than 100 employees Between 100 and 500 Between 500 and 2500 More than 2500

Industry:* -None- Agro Alimentos y bebidas Construcción e infraestructura Banca y finanzas Farmacéutica y salud Servicios Retail Automotriz Energía y minería Química y plástico Bienes Raíces Educación Bienes de consumo Industria y manufactura Transporte y logística Telecomunicaciones Administración pública

Yes, I want to receive a call from a salesperson*

Comments:*  

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.

Need assistance? Contact us

(506) 4001-6423

More on this topic

Freight Transport: Freight Cost Up 10%

June 2021

Salvadoran carriers estimate that between January and May 2021, the cost of freight between El Salvador and Guatemala has increased from $500 to $548, a rise that is largely explained by the increase in the price of diesel.

Representatives of the Asociacion Salvadorena de Transportistas Internacionales de Carga (ASTIC) state that in recent months the price of a gallon of diesel has increased by $0.63 in the central zone.

Oil bill: Slight Drop in Guatemala

February 2020

During 2019 the consumption of diesel, gasoline and gas, products with the highest participation in the oil bill, reached Ch$2,719 million, a 0.8% lower amount than that reported in 2018.

Figures from the General Direction of Hydrocarbons (DGH) detail that between 2018 and 2019 the Guatemalan oil bill was reduced by $21 million, from $2.719 million to $2.041 million.

Guatemala: Oil Bill Increases 22%

October 2018

Due to the upward cycle of the barrel international price, between January and August the country has bought $1.844 million in petroleum products, 22% more than in the same period of 2017.

Regarding this growth in the import amount, Enrique Melendez, executive director of the Guatemalan Association of Gasoline Dispensers, explained to Prensalibre.com that "...

Freight Rates Rise in Nicaragua

May 2012

Most shipping companies have agreed to pay carriers between $1.26 and $1.29 per kilometre as a re-adjustment.

After nearly a week of strikes, 10 of the 15 shipping companies operating in the country agreed to concede to the demands of freight carriers, and they will pay an adjustment per kilometre of between $1.26 and $1.29.