Through the creation of four new state-owned companies, President Ortega seeks to control the exploration and exploitation of oil in Nicaragua, as well as the import, storage, distribution and marketing of gas and fuels.
With the approval of the law initiatives, the government seeks to transfer the control that Alba de Nicaragua S.A. used to have in this market. (Albanisa), which was sanctioned by the U.S. because of its links with Petróleos de Venezuela, and Distribuidora Nicaragüense de Petróleo (DNP), which was also sanctioned by the same country, in this case for benefiting the Ortega family with non-competitive contracts.
Price per gallon of regular gasoline: Costa Rica $4.08, Nicaragua $3.52, Honduras $3.51, El Salvador $2.96, Guatemala $2.96 and Panama $2.81.
From a statement by the Ministry of Economy of El Salvador:
The current reference prices for gasoline and diesel show a marked decline at the national level, which reflects the emergency experienced by China because of the coronavirus.
In Panama, 1.128 million gallons of fuel were sold during 2019, and the demand for gasoline grew by 3% in relation to what was reported in 2018.
The General Comptroller of the Republic reported that during 2019 gasoline consumption in the country, which includes 91 and 95 octane gasoline, reached 339 million gallons, 3% more than the 330 million gallons registered in 2018.
The Ministry of Public Works and Communications of the Dominican Republic tenders the supply of optimal and premium diesel fuel for use by the institution.
Price per 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 a statement by the Ministry of Economy of El Salvador:
The current reference prices for gasoline and diesel, show low prices at national level, due to the outcome of the conflict between the United States and Iran, where the Arab country attacked two military bases located in Iraqi territory.
In Panama, 1.035 million gallons of fuel were sold from January to November 2019, and demand for 95-octane gasoline grew by 7% over the same period in 2018.
The General Comptroller of the Republic reported that during the first eleven months of 2019, gasoline consumption in the country, which includes 91 and 95 octane gasoline, reached 309 million gallons, 3% more than in the same period of the previous year.
Price per 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's statement:
The current reference prices for gasoline and diesel present generalized increases, due to the recent geopolitical conflicts between the United States and Iran during the first weeks of January 2020, which is why the international prices of oil and derivatives increased by an average of 4%.
Price per gallon of regular gasoline: Costa Rica $4.11, Nicaragua $3.57, Honduras $3.46, Guatemala $3.09, El Salvador $3.07 and Panama, $2.85
From the Ministry of Economy of El Salvador's statement:
The current reference prices show increases in all their presentations, because of the announcement given by the United States and China, about the signing of phase 1 of the economic conflict in January 2020.
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.
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