Fuel Prices Up to July 4, 2016

Price of gallon of regular gasoline: Panamá $2.63, Guatemala and El Salvador $2.80, Honduras $3.31, Nicaragua $3.41, and Costa Rica, $3.92.

Monday, July 4, 2016

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

The Ministry of Economy announced on July 4 that the reference prices for fuels, in force from July 5 to 18, 2016, will experience further declines up - $ 0.04 in their prices.

In the last week the price of international oil and its derivatives has been fluctuating mostly downwards, and this is reflected in the reference prices of liquid fuels in El Salvador, this behavior is due to growing fears of further cuts in the Nigerian supply, economic uncertainty generated by the possible exit of the United Kingdom from the European Union and its possible impact on oil demand in the continent. However, it is expected that the Norwegian oil industry may be affected by a workers strike; initially, the shutdown would reduce oil production in the country, the sum of these global events is creating uncertainty in prices causing ups and downs that are unpredictable.

CountryDieselRegularSpecial
El Salvador2.412.802.97
Guatemala2.252.802.99
Honduras2.793.313.55
Nicaragua2.853.413.53
Costa Rica3.083.924.11
Panama (data taken from Latinol.com)2.242.632.73



More on this topic

Central America: Fuel Prices up to August 27

August 2019

Price per gallon of regular gasoline: Costa Rica $4.44, Nicaragua $3.61, Honduras $3.44, El Salvador $3.12, Guatemala $3.09 and Panama $2.93.

From the Ministry of Economy of El Salvador statement:

The reference prices for gasoline and diesel add their second consecutive decline for the current fortnight, the reductions are because of increases in production and refining by U.S.

Fuel Prices up to August 13, 2019

August 2019

Price per gallon of regular gasoline: Costa Rica $4.38, Nicaragua $3.78, Honduras $3.53, El Salvador $3.21, Guatemala $3.24 and Panama $3.03.

From the Ministry of Economy of El Salvador statement:

The reference prices for gasoline and diesel present important declines for the current fortnight, although the United States for several weeks had reflected losses in its reserves, in the last weekly report provided by the IEA, it is reported that increased its oil products and derivatives. Oil increased by 2.4 million barrels after 7 weeks of losses. Likewise, gasoline increased 4.4 million barrels, after two weeks of losses, together with distillates, such as diesel, showed a 1.5-million-barrel increase. The changes in reserves allowed international prices of oil derivatives to show a downward trend.

Central America: Fuel Prices up to February 11

February 2019

Price per gallon of regular gasoline: Costa Rica $3.48, Nicaragua $3.28, Honduras $3.19, El Salvador $2.81, Guatemala $2.75 and Panama $2.56.

From the Ministry of Economy of El Salvador report:

The increase in the reference prices for the current fortnight, according to the last two reports provided by the IEA, is because the reserves of gasoline and diesel show decreases in the last two weeks.

Central America: Fuel Prices up to November 20

November 2017

Price of gallon of regular gasoline: Costa Rica $3.85, Nicaragua $3.70, Honduras $3.45, Guatemala $3.14, El Salvador $3.07 and Panama $2.92.

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

According to experts "The oil market tends to react with nervousness and upward pressure on prices in the face of episodes of political instability in the Middle Eastern producing regions", in Saudi Arabia [concerns] grew during the week when the highest authorities accused Iran, also a member of the Organization, of being behind a missile shot over the airport of the Saudi capital that was eventually intercepted. [GRAFICA caption="Click to interact with graphics"] 

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