The construction of an oil pipeline and a maritime terminal in the Pacific for the transfer and storage of fuels, are some of the projects planned to develop the state-owned Recope in the next eight years in Costa Rica.
The construction of a new plant for storage and sale of clean products in Liberia, and the polyduct connecting this plant with Barranca, is one of the large-scale projects that the Costa Rican Petroleum Refinery (Recope) plans to develop in the coming years.
Price of gallon of regular gasoline: Costa Rica $3.93, Nicaragua $3.74, Honduras $3.63, Guatemala $3.31, El Salvador $3.29 and Panama $2.99.
From a report by the Ministry of Economy of El Salvador:
The harsh winter that has hit the United States has caused an increase in the production of energy generated frompetroleumderivatives, which is used for heating, as well as the general consumption of derivatives in the North American country, which has contributed to a decrease in reserves in the United States.[GRAFICA caption = "Click to interact with graph"]
Price of a gallon of regular gasoline: Costa Rica $3.92, Nicaragua $3.65, Honduras $3.52, El Salvador $3.20, Guatemala $3.18 and Panama $2.83.
From a report by the Ministry of Economy of El Salvador:
The cold front that hit the east coast and the northern region of the United States, caused an increase in demand for fuel for heating.[GRAFICA caption = "Click to interact with graph"]
Price of gallon of regular gasoline: Costa Rica $4.03, Nicaragua $3.59, Honduras $3.45, Guatemala $3.14, El Salvador $3.11 and Panama $2.91.
From a report by the Ministry of Economy of El Salvador: [GRAFICA caption = "Click to interact with graphics"] The mixed trend in the United States strategic reserves of crude oil and liquid fuels (diesel and gasoline) influenced the new reference prices for the last fortnight of 2017 following the last inventory report by the United States, the Organization of the Exporting Countries of Petroleum (OPEC) is holding firm to its pact to cut production of its member countries along with Russia.
Price of gallon of regular gasoline: Costa Rica $4.03, Nicaragua $3.59, Honduras $3.45, Guatemala $3.18, El Salvador $3.13 and Panama $2.92.
From a report by the Ministry of Economy of El Salvador:
The reference prices for gasoline and diesel will experience new increases as of December 5 due to the mixed behavior of the international prices of petroleum products; supported by the extension of the pact established by the Organization of Petroleum Exporting Countries (OPEC) in reducing production of crude oil and oil derivatives.[GRAFICA caption = "Click to interact with graphics"]
Industrialists in Costa Rica are opposed to the appeal lodged by deputies against the presidential decree that prevented the rise of 72% in the price of LP gas and 35% in bunker fuel.
From a statement issued by the Chamber of Industries of Costa Rica:
The Chamber of Industries of Costa Rica said that nullifying the presidential decree on Sector Policy, as several Deputies want to do, will affect employment.Last week, deputy Luis Alberto Vasquez Castro and other lawmakers presented an appeal to the Constitutional Court against the decree by President Luis Guillermo Solis of January, a decree that prevented the ARESEP from changing the methodology of fuel prices.This presidential decree, put an end to the disproportionate increase in the price of Liquefied Petroleum Gas (LPG), 72%, and bunker fuel, 35%, which are key materials for the industrial sector.
Price of gallon of regular gasoline: Panamá $2,63, Guatemala $2,71, El Salvador $2,81, Honduras $3,22, Nicaragua $3,46, y Costa Rica, $3,36.
From a statement issued by the Ministry of Economy of El Salvador:
The Ministry of Economy announced on June 6, that the reference prices for fuels, in force from 7 to 20 June 2016, will experience an increase in their prices.
On 6 and 7 October industry representatives worldwide will gather together in Panama City to discuss issues such as the impact of the expanded canal on bunker operations.
Representatives from the Maritime Chamber of Panama, the event organizer, said to Prensa.com that "...
Analysis of the characteristics of the business of supplying ships in Panama, participating companies, products and services required, and eligibility requirements.
From a statement issued by the Costa Rican Foreign Trade Promotion Office (Procomer):
- Expansion of the Panama Canal opens up opportunities for Costa Rican exporters to supply vessels
Through its petroleum division Uno Costa Rica Terra Group bought seven service stations from the Costa Rican Grupo Colono.
Uno Costa Rica, the petroleum division of the Honduran Terra Group, has purchased seven services stations operated by the Costa Rican group Colono in Limon and Alajuela. The amount of the transaction has not been revealed.
A decree under review proposes regulating the maximum amounts of certain substances allowed in gasoline.
The possible entry into force of the decree promoted by the Ministries of Environment and Health, has reactivated a conflict which has been going on for years with gasoline additive distributors.
High fuel prices are seriously affecting the economy, making it necessary to consider removing the state monopoly in favor of free importation.
Jorge Guardia in an opinion piece in Nacion.com explains that the country must make two important decisions, the first is what to do with Recope and the second how to reduce fuel costs. He sets out three options for the first situation.
español
2311