Consistent with the fall in new car sales reported in Panama since last year, fuel consumption has decreased around 6% up to September 2018.
Data from the General Comptroller detail that from January to September 2018, 12,938 new automobile type vehicles were registered, 21% less than the 16,299 units registered in the same period of 2017.
In 2016 total consumption went up by 8% compared to 2015, explained by a 15% increase in super gasoline and 12% in the A-1 jet fuel.
From a statement issued by Recope:
Fuel demand grew by 7.9% last year, going from 3,023,880,487 liters in 2015 to 3,263,072,075 liters in 2016, as a result of growth of the vehicle fleet, a price level for products which is relatively low compared to previous years, and the higher purchasing power of consumers due to low levels of inflation recorded in the period.
Price of a gallon of Super gasoline : Costa Rica $5.55, Nicaragua $5.15, Honduras $4.75, $4.46 Guatemala, El Salvador $4.35 and Panama $4.24.
A report has been released detailing the average consumer prices for Gasoline and Diesel in Central America, in force in the week 14th to 20th July 2013, based on official prices and monitoring or surveys carried out by the various DGs of Hydrocarbons or equivalent in the capitals of each Central American country.
Price per gallon of Super gasoline, highest to lowest: $5.57 Costa Rica, Nicaragua $5.22, Honduras $4.79, El Salvador $4.42, Panama $4.41, and Guatemala $4.31.
A report has been released detailing average consumer prices for Gasoline and Diesel in Central America, effective from week 2nd to 8th June, 2013, based on official prices and the monitoring or surveys carried out by the various DGs of Hydrocarbons or equivalent in the capitals of each Central American country.
The directors of the Costa Rican state run entity RECOPE say that "there are already a number of studies which prove profitability," but as they can not produce them, they have announced that universities will be hired to do so.
Added to the $50 million that has already been spent on the project, will be these extra costs for more technical studies, and the recruitment of "national universities who will delve deeper, from academia, into the information which international consultants have already verified and approved."
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.
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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."
Price per gallon of Super gasoline , highest to lowest: $5.54 Costa Rica, Nicaragua $5.07, $4.71 Honduras, El Salvador: $4.34, $4.33 and Panama Guatemala $4.22.
A report has been released detailing the average consumer prices for Gasoline and Diesel in Central America, effective in the week 12 to May 18, 2013, based on official prices and monitoring or surveys carried out by the various DGs of Hydrocarbons or equivalent in the capital of each Central American country.
The Chamber of Agriculture of Guatemala believes that integration to Petrocaribe will not bring advantages and will bring disadvantages.
Jose Molina, president of the Chamber of Agriculture, said that since 2008, when Guatemala joined the program, they have been expressing their total opposition because the project represents an increase in public debt.
Price per gallon of Super gasoline, highest to lowest: $5.76 Costa Rica, Nicaragua $5.06, $4.87 Honduras, El Salvador $4.55, Panama $4.39, Guatemala $4.31.
A report has been released on the average consumer prices for Gasoline and Diesel in Central America, effective from the week 14 to April 20, 2013, based on official prices and monitoring or surveys carried out by various DGs of Hydrocarbons or equivalent in the capital of each Central American country.
Costa Rica, where fuels are under the state monopoly of the Costa Rican Oil Refinery (RECOPE), has become the country with the highest gas prices in Central America.
Juan Carlos Hidalgo, on his blog on Elfinancierocr.com, says the latest increase pushed up the price of better quality gasoline above $1.50, and that even President Chinchilla has made public her concern over the situation.
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