The National Energy Secretariat authorized the service stations that sell gasoline in the country to temporarily close their operations in the context of the health and economic crisis.

Resolution N. 4730 of April 23, 2020, allows those service stations that due to low sales volume, and whose location does not affect agricultural, logistical, commercial and strategic activities for Panamanians, may opt for the temporary closure of their services due to the emergency, authorities informed last April 24.

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The document specifies that the aim of this action is to provide an option for temporary closure, allowing them to resume their activities after the emergency, not having to start the registration process with the National Energy Secretariat again.

The document adds that “… this service is governed by Cabinet Decree 36 of 2003, which only contemplates the figure of closure, which would make it difficult for them to reopen it by stipulating that they must submit a new application to the National Energy Secretariat and comply with all the requirements and documents, peace and quiet, and others that the regulation currently requires.”

See full publication in the Official Journal (in Spanish).

Forecasts from CentralAmericaData state that in Central America the impact of the covid-19 crisis on the business of retail sales of gasoline and oil derivatives is projected to be mainly explained by the expected drop in gasoline and diesel sales.

Stay Safe!!