Central America: Fuel Prices up to September 24


News from Panama / Wednesday, September 26th, 2018

Price of a gallon of regular gasoline: Costa Rica $4.31, Nicaragua $3.90, Honduras $3.81, El Salvador $3.51, Guatemala $3.40 and Panama $3.23.

According to the latest report provided by the International Energy Agency (AIE) gasoline stocks went down by approximately 1.7 million barrels per week, but it was not so for distillates and diesel which had a slight increase in their reserves, of approximately 0.8 million barrels per week.

Similarly, the trend in international supply prices is due to a high demand for fuel in the United States, this is an atypical behavior with respect to consumption, since generally in autumn and winter consumption of gasoline decreases and the use of heating and diesel distillates increases. The behavior in both types of fuels has been similar to consumption in summer (10 million barrels per day), where the use of these refined products reaches its maximum level. This event has led international prices to increase due to the fact that more refined products are being destined for local consumption and a lower quota to sale on the international market.

Price in dollars Regular Special Diesel
El Salvador 3.51 3.70 3.32
Guatemala 3.40 3.55 3.03
Honduras 3.81 4.12 3.53
Nicaragua 3.90 4.06 3.64
Costa Rica 4.31 4.43 3.67
Panama* 3.23 3.27 2.93

*Prices taken from Acodeco.gob.pa

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