Central America: Fuel Prices up to October 22nd


News from Panama / Tuesday, October 30th, 2018

Price per gallon of standard gasoline: Costa Rica $4.21, Nicaragua $4.07, Honduras $3.87, El Salvador $3.56, Guatemala $3.52 and Panama $3.21.

From the report of the Ministry of Economy of El Salvador:

According to data from the IEA, the United States is in full season of hurricanes and the passing of Hurricane Michael through the Gulf of Mexico, on the production of crude oil and derivatives, generated losses in the two days of closure of the storm that represented about 9% of U.S. production of 11.1 million barrels per day. Making the reference prices for gasoline and distillates will present mixed fluctuations.

In addition, the behavior in the petroleum derivatives reserves in the last 4 weeks, the IEA presented in its reports a marked reduction in petroleum distillates such as diesel, which has accumulated an approximate decline of 7.9 million barrels, but not for the gasoline that the closing of these four weeks reflects an approximate increase of 950,000 barrels, this data reflects the mixed trend in reference prices for the current fortnight.

Price in US$ Standard Special Diesel
El Salvador 3.56 3.79 3.46
Guatemala 3.52 3.67 3.20
Honduras 3.84 4.23 3.65
Nicaragua 4.07 4.22 3.80
Costa Rica 4.21 4.32 3.72
Panamá* 3.21 3.34 3.02

*Price quoted from Acodeco.gob.pa

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