Price per gallon of regular gasoline: Costa Rica $4.26, Nicaragua $3.89, Honduras $3.72, El Salvador $3.42, Guatemala $3.38 and Panama $3.29.
From the Ministry of Economy of El Salvador statement:
The current reference prices reflect a downward trend, because during the first weeks of May, reserves of gasoline and distillates show minimal reductions, this has allowed prices to be more stable compared to the previous month, since the first half of May gasoline reported a 790,000-barrel decrease, while in April for the first half reported a 10.6-million-barrel reduction. Regarding diesel distillates, during the first fortnight of May a 1.4-million-barrel decrease was reported, while for the first fortnight of April it was 2.5 million barrels, a less marked difference, which affects the price of low-sulfur diesel for the next fortnight.
Price per gallon of regular gasoline: Nicaragua $4.01, Costa Rica $3.80, Honduras $3.70, El Salvador $3.49, Guatemala $3.44 and Panama $3.27.
From the Ministry of Economy of El Salvador statement:
The current reference prices are affected by the continuous decrease suffered in the inventories of gasoline and distillates such as diesel. According to the latest reports provided by the IEA, in April the reduction of gasoline registered an accumulated of 11.9 million barrels and distillates, from which diesel is extracted, registered 4.4 million barrels. This continuity directly affects the prices of oil derivatives, as it generates uncertainty in the markets and investors by observing abrupt drops in reserves and maintaining upward trends in prices.
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.
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.
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.
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.
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.
From January 1st, 2020, the concentration of Sulphur in the fuel consumed by maritime transport vessels must not exceed 0.5%, a limit that until now was at 3.5%.
The international modifications related to the supply of fuel oil or marine fuel, which were approved by the International Maritime Organization (IMO), will apply to all vessels sailing in the world.
Price per gallon of regular gasoline: Costa Rica $3.59, Nicaragua $3.21, Honduras $3.20, El Salvador $2.74, Guatemala $2.66 and Panama $2.64.
From the Ministry of Economy of El Salvador report:
The downward trend of the reference prices for the present fortnight is mainly due to the increase of the gasoline reserves and the oil distillates of the United States of America (USA); according to the last report by the IEA, the gasoline reserves increased by 8.1 million barrels per week, the greatest increase in the last 6 weeks; likewise, the reserves of distilled fuels, such as diesel also increased by 10.6 million barrels per week, being the greatest increase in the last 3 weeks.
Price per gallon of regular gasoline: Costa Rica $3.94, Nicaragua $3.35, Honduras $3.27, El Salvador $2.78, Guatemala $2.78 and Panama $2.64.
From the report of the Ministry of Economy of El Salvador:
The latest report from 2018, provided by the International Energy Agency (AIE) reports that gasoline reserves experienced a significant increase of slightly more than 3.0 million barrels per week against expert forecasts that predicted a minimum increase of just 50,000 barrels per week. Also, distillates such as diesel, kept their production rate and was almost invariable its trend with respect to the previous week, as it only increased 2,000 barrels in the week, against an expectation of a 500 thousand barrels reduction, which despite the favorable environment for the reduction of such a derivative of oil along with heating, its stability allows prices to be downward, along with those of gasoline.
Price per gallon of regular gas: Costa Rica $3.94, Nicaragua $3.38, Honduras $3.36, El Salvador $2.86, Guatemala $2.82 and Panama $2.64.
From the report of the Ministry of Economy of El Salvador:
The current reference prices keep a clear downward trend, because of the oversupply provided by the three largest producers of oil and its derivatives, which represent 40% of world production.
Price per gallon of regular gasoline: Costa Rica $3.93, Nicaragua $3.55, Honduras $3.48, El Salvador $2.97, Guatemala $2.92 and Panama $2.77.
From the Ministry of Economy of El Salvador report:
During the last two months, the oil and its derivatives production has reached higher figures than expected, this is because the two largest producers, the United States and Saudi Arabia, have recorded figures never seen before.
Last year, mineral fuels, plastic articles and food led the commercial exchange between Peruvian and Central American companies.
Figures from the Central American-Peru Trade Information System complied by the Business Intelligence Unit at CentralAmericaData: [GRAPHIC caption = "Click to interact with the graph"]