Fuel Prices up to August 13, 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.

Tuesday, August 13, 2019

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.

Additionally, the resumed rounds of negotiations between the United States and China, to provide a solution to the commercial conflict between the two largest consumers of oil and petroleum products at world level, is kept in expectation, because the North American country threatened to put tariffs of US$300 billion on Chinese products that did not have taxes. If an agreement is not reached, they could generate a slowdown in the world economy, for fear of a lower demand for hydrocarbons, generating uncertainty among producers and investors before the possibility of a greater supply in the hydrocarbons market.

Prices in US$
Regular
Special
Diesel
Guatemala
3,24
3,39
2,70
El Salvador
3,21
3,48
2,95
Nicaragua
3,78
3,92
3,36
Honduras
3,53
3,96
3,25
Costa Rica
4,38
4,54
3,58
Panama*
3,03
3,16
2,70
*Prices taken from Acodeco.gob.pa

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More on this topic

Central America: Fuel Prices up to October 4

November 2019

Price per gallon of regular gasoline: Costa Rica $3.86, Nicaragua $3.53, Honduras $3.41, El Salvador $3.06, Guatemala $3.05 and Panama $2.83.

From the Ministry of Economy of El Salvador:

The current reference prices are low for gasoline and diesel nationally, this responds to the latest weekly report of oil reserves provided by the IEA, which reported a 5.07-million-barrel increase, well above the forecast of experts who predicted a superficial growth of just 500 thousand barrels per week. This generates continuity of raw material for petroleum products, even though gasoline reserves decreased 3.04 million barrels and diesel 1.03 million barrels per week.

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 February 25

February 2019

Price per gallon of regular gasoline: Costa Rica $3.50, Nicaragua $3.36, Honduras $3.24, El Salvador $2.82, Guatemala $2.82 and Panama $2.63.

From the Ministry of Economy of El Salvador report:

The increase in fuel prices for this fortnight is because of production factors, according to the latest report provided by the IEA, gasoline reserves showed a weekly reduction of 1.5 million barrels, also distillates such as diesel decreased by 1.4 million barrels per week; these inventory reductions affect the tendency of prices to rise, because there are fewer gasoline and diesel reserves to supply the existing demand in the hydrocarbon market, which generates this effect in the international prices of oil derivatives.

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.

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