Price Caps to be Maintained in Panama

The new government will continue with the price cap system implemented in September 2008 to regulate fuel prices.

Tuesday, June 9, 2009

The intention of the Organization of Petroleum Exporting Countries (OPEC) to press for oil prices to reach $75 per barrel at the end of 2009 is a major reason to give continuity to the price cap system set in 2008 when the price of fuel in Panama almost reached $5.

According to Pa-digital, "Juan Urriola, secretary-designate for Energy, said the new administration will continue with this system because it regulates prices and benefits the consumer."



Market Intelligence

Everything about exports and imports in Panama.

Top companies - Quantities, amounts and prices.

more info

More on this topic

El Salvador Joins Petrocaribe

June 2014

There is still no official information about whether brand name distributors will be able to keep importing fuel from their source of choice.

The request for entry into the oil agreement with Venezuela marks the economic and political differences between the outgoing government of Mauricio Funes and that of the new President Sanchez Ceren, indicating a higher affinity for the conglomerate led by Venezuela.

Infrastructure Investment Outlook

February 2011

Fitch Ratings discussed the 2011 outlook for the transportation and energy sectors in Latin America.

Fitch expects that during 2011 infrastructure assets in Latin America will continue to be resistant to the global financial crisis. Moreover, the economic outlook in developed countries has magnified the importance of supportive regulations to keep adequate financial profiles in transportation projects.

CA Oil Purchase Up 5.4% in 2009

October 2010

The total purchases came to $ 7,467.6 million, 5.4% higher than in 2008.

Data was supplied by CEPAL in their report "Central Hydrocarbons Statistics, 2009."

ELnuevodiario.com.ni informed, "According to the numbers, in 2009, 112.9 million barrels were imported, of which 87% were petroleum products and the remaining 13% corresponded to crude oil imports.

Petroleum bill for the Isthmus increased 42.8% in 2008

December 2008

The bill for the Central American Isthmus will increase to 42.8% at the end of this year compared to 2007, according to data from Cepal.

In 2008 the figure will be $12.25 billion, while last year it was $8.6 billion, according to the analysis.

Victor Hugo Ruiz, economic affairs officer at Cepal, explains that said increase was due in part to the rise in international oil prices, although the volume of imports also increased.

 close (x)

Receive more news about Energy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Tuthill Transfer Systems

Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Phone: (52) 55-5370-0602

Company Profile

Government Procurement
Opportunities in the region
--

bid deadline

Dec 14
Dec 14
Dec 14
Dec 14
Dec 14
Dec 14

Stock Indexes

(Dec 14)
Dow Jones
-0.31%
S&P 500
-0.41%
Nasdaq
-0.28%

Commodities

(Dec 15)
Brent Crude Oil
62.640
Coffee "C"
120.60
Gold
1,258
Silver
15.910