Gas Prices in Central America up to March 2

Gallon of regular gasoline: Panama $2.56, El Salvador $2.71, Guatemala $2.86, Honduras $3.40, Nicaragua and Costa Rica $3.52.

Monday, March 2, 2015

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

During the month of February, the price of WTI (West Texas Intermediate) in the Gulf Coast of the United States had an average value of $49.63 per barrel, showing a variation of + 10.81% compared to the previous month. In turn, in recent weeks the international prices of petroleum products recorded the following variations: + 18.49% in special gasoline, + 24.54% on regular gasoline and + 13.43% in diesel.

Variations in international prices have been influenced by increased demand for crude oil and its derivatives, generated by positive economic expectations in the economy of China, which is the second largest consumer after the United States, as well as by strikes in some of the US refineries.

Countries Diesel Regular Special
El Salvador $ 2.68 $ 2.71 $ 2.88
Guatemala $ 2.72 $ 2.86 $ 3.05
Honduras $ 3.13 $ 3.40 $ 3.67
Nicaragua $ 3.26 $ 3.52 $ 3.70
Costa Rica $ 3.32 $ 3.52 $ 3.75
Panama $ 2.56 $ 2.69 $ 2.84 (data taken from Latinol.com).



More on this topic

Central America: Fuel Prices up to December 2

December 2019

Price per gallon of regular gasoline: Costa Rica $4.12, Nicaragua $3.52, Honduras $3.45, El Salvador $3.07, Guatemala $3.05 and Panama $2.86.

From the Ministry of Economy of El Salvador statement:

The current reference prices present combined variation for gasoline and diesel; this trend responds to the economic conflict between the largest producer of oil and derivatives (United States) and the largest consumer of the same (China) that has extended for 16 months. The United States has scheduled for next December 15, a 15% increase in tariffs on Chinese products for a value of US$160 billion dollars, generating uncertainty in the international hydrocarbons market. Therefore, if such an increase is imposed, the demand for oil derivatives could decrease, generating an oversupply.

Fuel Prices - March 28, 2016

March 2016

Price of gallon of regular gasoline: Panamá $2.30, El Salvador $2.49, Guatemala $2.52, Costa Rica, $2.96, Honduras $3.02 y Nicaragua $3.04.

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

The Ministry of Economy announced on March 28 that the reference prices for gasoline, effective from 29 March to 11 April 2016, will experience an increase in their prices, going up + $ 0.19, while a gallon of diesel will go up to + $ 0.07.

Fuel Prices up to April 28

April 2015

Price of a gallon of regular gasoline: Panamá $2,09, Guatemala $3,02, El Salvador $3,04, Honduras $3,59, Nicaragua $3,74 y Costa Rica $4,04.

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

In recent weeks the international prices of petroleum products recorded the following variations:+4,42% in special gasoline, +3,33% for regular gasoline and +6,50% in diesel.

Fuel: Prices at March 30, 2015

March 2015

Gallon of regular gasoline: Panama $2.82, Guatemala $2.89, El Salvador $3, Nicaragua $3.60, Honduras $3.61 and Costa Rica $3.83.

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

During March, the price of WTI (West Texas Intermediate) in the Gulf Coast of the United States had an average value of $48.67 per barrel, which is a decrease of -1.93% compared to the previous month.

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