Fuel Prices in Central America Al May 8th, 2018  

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

Current variations in the reference prices of fuels have gone down due to a decline in international prices of oil and its derivatives.
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The fall in prices responds to increasing oil reserves in the US, coupled with the uncertainty caused by the upcoming OPEC meeting on November 30 in Vienna, where a possible cut in production will be decided.

Click the chart to see prices in each country.

In addition, the pressure over a drop in stocks on Wall Street also caused instability in the oil market.

More on this topic

Central America: Fuel Prices up to March 11

March 2019

Price per gallon of regular gasoline: Costa Rica $3.51, Nicaragua $3.51, Honduras $3.31, El Salvador $2.04, Guatemala $2.96 and Panama $2.79.

From the Ministry of Economy of El Salvador report:

The upward trend in fuel prices for the current fortnight is because of reduced reserves of gasoline and distillates such as diesel reported by the IEA.

Central America: Fuel Prices up to August 28

August 2018

Price of a gallon of regular gasoline: Costa Rica $4.34, Nicaragua $3.96, Honduras $3.79, El Salvador $3.51, Guatemala $3.42 and Panama $3.25.

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

According to the latest report from the Energy Information Administration Agency (EIA), gasoline stocks grew close to 1.2 million barrels at the end of the week, while distillates and diesel increased by approximately 1.8 million barrels, the increase recorded, confirms the favorable moment for refineries because the production rate has remained at 98.1%, providing sufficient supply to the market.

Central America: Fuel Prices up to March 28

March 2017

Price of gallon of regular gasoline: Costa Rica $3.82, Nicaragua $3.40, Honduras $3.32, Guatemala $2.86, El Salvador $2.84 and Panama $2.65.

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

The price trend is due to factors that have prevailed in recent months such as decisions taken by the OPEC, inventory accumulation in North America, demand, and unconventional oil production. [GRAFICA caption = "Click to interact with graphics"]

Fuel Prices up to November 21

November 2016

Price of gallon of regular gasoline: Panama $2.64, El Salvador $2.64, Guatemala $2.75, Honduras $3.22, Nicaragua $3.23, and Costa Rica, $3.73.

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

After this second consecutive decline, reference prices for liquid fuels in El Salvador are once again moving downwards, due to repeated fluctuations in international oil prices and its derivatives, causing ups and downs in different periods, current price fluctuations are directly due to volatility in international markets in light of to the new political landscape and optimism about the state of the economy of the United States, reflected in a strengthening of the dollar.