Central America: Fuel Prices up to June 5


News from Panama / Tuesday, June 20th, 2017

Price of gallon of regular gasoline: Costa Rica $3.90, Nicaragua $3.69, Honduras $3.64, Guatemala $3.13, El Salvador $3.13 and Panama $2.74.

The reference prices for liquid fuels in El Salvador are being affected by an upward trend due to recent events that revolve around the latest OPEC meeting, where the 14 member countries along with 10 other countries producing oil and derivatives outside of the organization justified and maintained the decision to extend the extraction reduction until March 2018, together with a notice provided by the Energy Information Administration (EIA) on the reduction in inventories held by the United States by approximately more than 8 million barrels surpassing the expectations of analysts and international experts, also gasoline stocks fell by approximately 2.9 million barrels which has caused prices of gasolines to be the most affected by this upward trend. Clic para interactuar con la gráficaClic para interactuar con la gráfica

The changes in international prices of refined products (gasoline and diesel) in recent weeks have influenced prices in Central America, placing El Salvador first in terms of the lowest prices for regular gasoline, sharing first place with Guatemala in terms of lowest prices for special gasoline, first place for the lowest prices for diesel and second for the lowest prices on low sulfur diesel in Central America.

(Price in dollars) Diesel Regular Special
El Salvador 2,52 3,13 2,88
Guatemala 2,32 3,13 2,93
Honduras 2,87 3,64 3,24
Nicaragua 2,95 3,69 3,55
Costa Rica 2,93 3,90 3,71
Panama* 2,30 2,74 2,89

*Data taken from Acodeco.gob.pa