Price of a gallon of regular gasoline: Costa Rica $ 4.07, Nicaragua $ 3.52, Honduras $ 3.45, El Salvador $ 3.04, Guatemala $ 3.02 and Panama, $ 2.83.
From the Ministry of Economy of El Salvador:
The current reference prices present their second combined variation for gasoline and diesel; this trend is the result of the increase in gasoline and distillate reserves.
From January to October 2019, 949 million gallons of fuel were sold, and the demand for 91-octane gasoline decreased 5% over the same period in 2018.
The figures of the General Comptroller of the Republic report that during the first ten months of 2019 the consumption of gasoline in the country, which includes the 91 and 95 octane, amounted to 281 million gallons, 3% more than in the same period last year.
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.
Between January and September 2018 and the first nine months of this year, imports of petroleum products increased by 1.8 million barrels, from 14.3 million barrels to 16.1 million barrels.
Regarding the imported value, the Central Bank of Honduras reported that at the end of the third quarter of 2019, imports of fuels, lubricants and electric energy were registered for $1.230 million, reporting a $9.9 million decrease year on year, explained by the decrease of 11.5% in the international price, partially offset by the 12.5% increase in the imported volume.
Chevron's $7 million investment in the Acajutla terminal in El Salvador increased its fuel storage capacity from 300,000 to 450,000 barrels.
As announced in 2016, the investment in the plant expansion consisted of the construction of two tanks, each with a storage capacity of 75,000 barrels.
In the first ten months of the year, Salvadoran purchases abroad that make up the oil bill reached $1.252 million, 10% less than the amount reported in the same period of 2018.
The structure of the oil bill is mainly composed of gasoline ($387.3 million), diesel ($349.5 million), liquefied gases and propane ($189.1 million) and fuel oil (Bunker C) with $146.3 million.
Price per gallon of regular gasoline: Costa Rica $3.86, Nicaragua $3.62, Honduras $3.45, El Salvador $3.11, Guatemala $3.14 and Panama $2.89.
From the Ministry of Economy of El Salvador statement:
The current reference prices present their second consecutive increase in the prices of gasoline and diesel. This rise is because of the caution that exists due to the resumption of negotiations between the United States and China, scheduled for October 11 and 12, which generates uncertainty between investors and producers, as it is an agreement between the largest producer and the largest consumer of oil and oil products worldwide.
From January to July 2019, 673 million gallons of fuel were sold, 3% more than the 653 million gallons reported during the same period in 2018.
The figures of the General Comptroller of the Republic report that during the first seven months of 2019 the consumption of gasoline in the country, which includes the 91 and 95 octane, totaled 195 million gallons, 2% more than in the same period of the previous year.
Price per gallon of regular gasoline: Costa Rica $4.44, Nicaragua $3.61, Honduras $3.44, El Salvador $3.12, Guatemala $3.09 and Panama $2.93.
From the Ministry of Economy of El Salvador statement:
The reference prices for gasoline and diesel add their second consecutive decline for the current fortnight, the reductions are because of increases in production and refining by U.S.
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.
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.
Because of the political and economic crisis affecting the country, diesel consumption in Nicaragua is reported to have fallen 5.3% between January and May compared to the same period in 2018.
Statistics of hydrocarbon sales of the Ministry of Energy and Mines (MEM) during the first five months of 2019 the consumption of super gasoline reported a 2.5% decrease compared to the same period last year, and in the case of regular gasoline registered a slight increase of 0.3% for the periods concerned.
In the first six months of 2019, Panama sold 577 million gallons of fuel, 2% more than the 563 million gallons reported in the same period in 2018.
According to data published by the General Comptroller of the Republic, it is reported that during the first six months of 2019 the consumption of gasoline in the country, which includes 91 and 95 octane, totaled 167 million gallons, 2% more than in the same period last year.
Price per gallon of regular gasoline: Costa Rica $4.12, Nicaragua $3.82, Honduras $3.44, El Salvador $3.29, Guatemala $3.22 and Panama $3.04.
From the Ministry of Economy of El Salvador statement:
The reference prices for gasoline and diesel show increases in this fortnight, because of the shortage presented by the United States in oil reserves by 10.8 million barrels according to the weekly report of the IEA.
Price per gallon of regular gasoline: Costa Rica $4.12, Nicaragua $3.82, Honduras $3.44, El Salvador $3.29, Guatemala $3.22 and Panama $3.04.
From the Ministry of Economy of El Salvador:
The current increases in liquid fuels (gasoline and diesel) are influenced by the decrease in the extraction of oil and processing of derivatives. In the last two weeks the IEA reported a reduction in reserves of 10.58 million barrels of oil and a reduction of 3.03 million barrels of gasoline, generating uncertainty in the international market, reflected in rising prices.
Price per gallon of regular gasoline: Costa Rica $4.29, Nicaragua $3.62, Honduras $3.47, El Salvador $3.16, Guatemala $3.09 and Panama $2.90.
From the Ministry of Economy of El Salvador statement:
The reference prices for gasoline and diesel present lows for the present fortnight, this trend is because of the good time presented by the refineries for the first half of May, where there were significant increases in reserves of gasoline and diesel.