Price per gallon of regular gasoline: Nicaragua $3.81, Costa Rica $3.76, Honduras $3.62, El Salvador $3.44, Guatemala $3.22 and Panama $3.07.
From the Ministry of Economy of El Salvador statement:
The increase in the price of oil derivatives is because of a reduction in oil and derivatives worldwide by OPEC and non OPEC countries led by Russia, which have surpassed their own limit of 1.2 million barrels per day to 1.4 million barrels per day in March.
The bill presented by the Executive Branch of Costa Rica to transform the state refinery Recope empowers the State to make alliances with private companies and "incursion into alternative chemical energy", but maintains the monopoly of fossil fuels.
On April 8, 2019, the Alvarado administration presented an initiative before the Legislative Assembly that seeks to transform the Costa Rican Oil Refinery (Recope) into the Costa Rican Company of Alternative Fuels and Energies (Ecoena).
Price per gallon of regular gasoline: Nicaragua $3.81, Costa Rica $3.76, Honduras $3.53, El Salvador $3.36, Guatemala $3.22 and Panama $3.07.
From the Ministry of Economy of El Salvador statement:
The increases in gasoline prices for the current fortnight are largely because of the prolonged fall in gasoline reserves, which add up to 7 consecutive weeks, according to reports provided by the IEA, detailing a reduction of 21.4 million barrels.
Price per gallon of regular gasoline: Nicaragua $3.72, Costa Rica $3.57, Honduras $3.44, El Salvador $3.22, Guatemala $3.15 and Panama $2.79.
From the statement of the Ministry of Economy of El Salvador:
The increase in reference prices for this fortnight is because gasoline inventories have experienced their largest decline since February until the last weekly report provided on Wednesday March 20 by the IEA.
In January 2019, 97 million gallons of fuel were sold in Panama, 4% more than the 93 million gallons reported in the first month of 2018.
The latest data published by the General Comptroller of the Republic detail that during the first month of 2019 the consumption of gasoline in the country, which includes 91 and 95 octanes, reached 28 million gallons, 3.5% more than in the same period last year.
According to businessmen of the sector, the constant growth of the vehicle fleet explains the investments that have been made in the opening of new service stations in El Salvador.
At the beginning of 2019, there were 455 service stations in operation in the Salvadoran market, according to data from the Hydrocarbons and Mines Directorate of the Ministry of Economy.
Price per gallon of regular gasoline: Costa Rica $3.51, Nicaragua $3.51, Honduras $3.31, El Salvador $2.04, Guatemala $2.96 and Panama $2.79.
From the Ministry of Economy of El Salvador report:
The upward trend in fuel prices for the current fortnight is because of reduced reserves of gasoline and distillates such as diesel reported by the IEA. In the last week the decrease in gasoline was 4.2 million barrels, the largest decline recorded in 2019.
The Superintendence of Competition "authorized the request presented by Uno El Salvador S.A. de C.V. for the acquisition of two gas stations in Santa Ana and La Libertad."
From the Superintendence of Competition statement:
March 5, 2019.The Board of Directors of the Superintendence of Competition (CDSC) authorized the application filed by Uno El Salvador S.A.
During 2018, the Salvadoran market demanded 574.3 million gallons of fuels, 3.4% more than the consumption reported in 2017.
Data from the Directorate of Hydrocarbons and Mines, detail that between 2017 and 2018 fuel consumption increased by 19 million gallons, going from 555 million to 574 million gallons.
Price per gallon of regular gasoline: Costa Rica $3.50, Nicaragua $3.36, Honduras $3.24, El Salvador $2.82, Guatemala $2.82 and Panama $2.63.
From the Ministry of Economy of El Salvador report:
The increase in fuel prices for this fortnight is because of production factors, according to the latest report provided by the IEA, gasoline reserves showed a weekly reduction of 1.5 million barrels, also distillates such as diesel decreased by 1.4 million barrels per week; these inventory reductions affect the tendency of prices to rise, because there are fewer gasoline and diesel reserves to supply the existing demand in the hydrocarbon market, which generates this effect in the international prices of oil derivatives.
Price per gallon of regular gasoline: Costa Rica $3.48, Nicaragua $3.28, Honduras $3.19, El Salvador $2.81, Guatemala $2.75 and Panama $2.56.
From the Ministry of Economy of El Salvador report:
The increase in the reference prices for the current fortnight, according to the last two reports provided by the IEA, is because the reserves of gasoline and diesel show decreases in the last two weeks.
Last year, Panama sold 1.107 million gallons of gasoline, 4% less than the 1.151 million gallons reported in 2017.
The latest data published by the General Comptroller of the Republic detail that during 2018 the consumption of gasoline in the country, which includes 91 and 95 octanes, totaled 330 million gallons, 0.9% more than in the same period last year.
Driven by the demand for LP gas, super gasoline and diesel, fuel consumption in 2018 reached 3.386 million liters, 2% more than that recorded in 2017.
Data from the Costa Rican Petroleum Refinery (Recope) detail that between 2017 and 2018 total fuel consumption in the Costa Rican market increased by 68 million liters, going from 3,318 million to 3,386 million liters.
Price per gallon of regular gasoline: Costa Rica $3.64, Nicaragua $3.31, Honduras $3.17, El Salvador $2.78, Guatemala $2.73 and Panama $2.56.
From the Ministry of Economy of El Salvador report:
The upward trend of the reference prices for the present fortnight, follows the agreement to reduce production by 1.2 million barrels per day by the member countries and non-members of the Organization of Petroleum Exporting Countries (OPEC) that began on January 1, 2019, has reverted the downward behavior of the prices of all oil derivatives such as gasoline and diesel, a clear example of the firm compliance of such reduction is Saudi Arabia, the largest producer of the organization, which has assumed most of the reduction to 468,000 barrels per day, also at the end of December 2018 the organization had already reduced an approximate 750,000 barrels per day between crude oil and derivatives, which has impacted on international prices for 2019.
Although in the last year there have been constant reports of falls in the international price of crude oil, the rise registered in the last month represents a risk for a "very sensitive" economy such as the Nicaraguan one.
Between December 21st, 2018 and January 21st, 2019, the price per barrel of crude oil has registered a 16% increase, rising from $45.5 to $52.57, a situation that could alter prices and costs in an economy that has been hit by the political crisis that has affected it since April last year.