Oil Purchase Up 29% in Honduras

2010 imports totaled $ 1.486.8 million, $ 335 million more than 2009.

Tuesday, March 15, 2011

By type of fuel, diesel leads with 33.8%, followed by bunker with 31% and gasoline with 26.7%.

Government projections for 2011 expect a 30% increase, reaching $ 2.000 million.

"In the opinion of the president of the Central Bank of Honduras (BCH), María Elena Mondragón, the population is now forced to carry out cost-saving measures, as well as the state and government", reported Latribuna.hn.

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Nicaragua's Fuel Bill Increases 80.7%

April 2011

In the first two months of the year, imports totaled $197.1 million, 80.7% more than in the same period of 2010.

The increase in the price of fuel will affect companies' transport costs and these in turn will impact product prices in a kind of domino effect.

Crude oil imports rose 4% in volume terms but in economic terms this equates to $200 million, 80% more than the amount purchased in the same period last year, since the price of a barrel has gone up to $90, according to a report from the Nicaraguan central bank (BCN).

Oil Expenditure Increases 49% in El Salvador

September 2010

In the first eight months of the year oil imports rose to $ 987.8 million, 49.4% higher than the $ 661 million from the same period in 2009.

Traders and analysts attributed the increase to basically two factors, a higher price and an increase in domestic demand.

Daniel Choto of Elsalvador.com writes, "The greatest concern is that international crude price remained at around $ 75 during the period, well above-average closing price of late 2009, in which it went down substantially from the highs reached on July 11, 2008, when it reached $147 a barrel.”

Costa Rica's Oil Bill Up 60%

August 2010

In the first six months of the year $818 million was spent on oil, 60% more than the $510 million spent in the same period of 2009.

According to information from the Costa Rican Central Bank (BCCR), the increase in the number of barrels consumed was 6%, going from 8.89 million to 9.57 million.

Honduras: Gas Consumption Will Top $1.25 Billion in 2010

June 2010

Using gas consumption data from the first six months of the year, authorities estimated that the country will spend a total $1.25 billion in gas in 2010.

CAP, the Petrol Administration Committee, explained that this represents a 2% increase when compared to 2009.

“The organization added that 2009 closed 8.9% lower than 2008, due to the political crisis of June.

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