The Honduran government approved the adjustment to the price of freight for the transport of fuel to the interior, which was set at $2.42 per kilometer, which corresponds to the cost per round trip.
The new tariff was made official by means of the Sen-026-2019 Agreement, which was issued by the authorities of the Secretariat of Energy and published last October 24.
The State fuel distributor wants to include the cost of refining carried out in the country in fuel prices, even though it has not refined anything since 2011.
From a statement issued by the Chamber of Industries of Costa Rica:
• RECOPE wants to include the cost of refining carried out in the country in with fuel prices, even though it has not refined anything since 2011.
Price of a gallon of regular gas: Panama $3.91, Costa Rica $5.43, Nicaragua $4.89, Honduras $4.61, Guatemala $4.04, El Salvador $4.06.
From a press release issued by the Ministry of Economy of El Salvador (Minec):
The Ministry of Finance announced on August 18, new variations in the reference prices for fuel, which will be in effect from 19 August until 1 September 2014.
The limited information presented by the state run refinery RECOPE shows that the Costa Rican government will bear the entire risk of the $1.5 billion project.
Editorial
It is still not known how much the new refinery will cost, but the head of Economic and Financial Studies unit at Refinadora Costarricense de Petróleo (RECOPE), said: "The latest figure is around the $1.5 billion mark."