Jump to content
Marcelyn

Fuel (Gasoline and Diesel) Prices and Consumption [An Ongoing Saga As Occurring]

Recommended Posts

We recently drove from Boquete to Panama City and couldn't help noticing the low cost of diesel. Price was never more than 50 cents per liter at any station along the way. I believe it was a Delta station in Santiago where 44 cents per liter was posted.

Share this post


Link to post
Share on other sites

The price of fuel in Panama is set every two weeks based on supply costs and reserves on hand.

The lowest prices per litre are in Panama City which increase slightly across the country based on distance from the tank farm there. We pay a few pennies more per litre here in Boquete to cover cost of transport as can be seen in this price list from an earlier period.

Embedded image permalink

This table shows the fluctuation of fuel prices in Panama over the last few years.

http://www.latinol.com/portada/precios-gasolina-panama.asp

Tabla de últimos 15 precios tope del combustible en Panamá
 
Fecha 91 Octanos 95 Octanos Diesel
sep 20, 2013 B/. 1.094 B/. 1.163 B/. 1.020
oct 4, 2013 B/. 1.028 B/. 1.086 B/. 1.06
oct 18, 2013 B/. 1.001 B/. 1.054 B/. 0.980
nov 1, 2013 B/. 1.004 B/. 1.054 B/. 0.991
nov 15, 2013 B/. 0.983 B/. 1.030 B/. 0.977
nov 29, 2013 B/. 0.954 B/. 1.009 B/. 0.954
oct 30, 2015 B/. 0.658 B/. 0.713 B/. 0.592
nov 13, 2015 B/. 0.634 B/. 0.682 B/. 0.571
nov 27, 2015 B/. 0.660 B/. 0.716 B/. 0.589
dic 11, 2015 B/. 0.618 B/. 0.663 B/. 0.555
dic 25, 2015 B/. 0.626 B/. 0.663 B/. 0.536
ene 8, 2016 B/. 0.626 B/. 0.658 B/. 0.483

Share this post


Link to post
Share on other sites

Keith, you continue to amaze me (us) with your fountains of knowledge and information sources. Wow.

Our experience on the recent trip to PC and back that Marcelyn mentioned above is that there are sometimes many pennies of differences in price even within the same city. She mentioned Santiago. But within Santiago, just for only one example, there were as much as 4 cents difference per liter. And the fuel was more expensive in PC as compared to other cities along the way. We see differences all the time here in Boquete between the Delta station and the Terpel in Alto Boquete (Windy City area).

Our experiences cause me to question whether the price really is set, or is it just a guideline?

Share this post


Link to post
Share on other sites
1 hour ago, Bud said:

We see differences all the time here in Boquete between the Delta station and the Terpel in Alto Boquete (Windy City area).

Our experiences cause me to question whether the price really is set, or is it just a guideline?

Fuel prices are regulated by the Secretariat of Energy and checked by Acodeco.

Since they're adjusted every second Friday prices have usually changed at least once between most motorist's tank fillups.

Of course, there's also the "sorry, no ladder available to change the sign" possibility.

Here are the current prices until January 8th as published in the Gaceta Oficial and that's what the pumps need to be set at.

2_gasolina.jpg

The next adjustments are on the 8th and they'll probably be announced tomorrow. Usually published in La Estrella.

http://laestrella.com.pa/panama/nacional/anuncian-nuevos-precios-combustible/23911748

Edited by Keith Woolford

Share this post


Link to post
Share on other sites

Keith,

Thanks for the quick follow-up. You are not mincing words here. The price is "set" by a government agency based on the various regions in the country is what I hear you saying. What is a customer supposed to do when the price at a pump is not in accordance with the published rate schedule?

I, for one, would not complain if the price is lower at the pump, but can I require the station operator to reprice the total bill for my diesel fuel if their rate is higher? Or should I report a station if their price is above the scheduled rate to a government agency? If so, I presume ACODECO would be the appropriate agency. If correct, that is not good news, given my prior experiences with ACODECO. There has been some prior discussion on CL regarding that agency. I just know what my experiences have been. I really do not want to deal with them again.

Looking for advice here. Grin and bear it, is certainly one option.

Bud

Share this post


Link to post
Share on other sites

When a government resolution is published in La Gaceta, it signifies that it has become 'the law of the land', so to speak.

The first line of this resolution says 'Precios Maximos de Venta al Consumidor de Combusitibles Liquidos en Panama'

or 'Maximum Consumer Prices of Liquid Fuels in Panama'.

Roger Bellido can verify all of this but to the best of my knowledge, it is ACODECO who handles complaints.

Share this post


Link to post
Share on other sites

OFFER AND DEMAND

Since February 19 lowers the price of gasoline

 

Editor of La Prensa  February 17, 2016 - 12: 10h

TOPICS:National Secretariat of Energy Gasoline

91 octane gasoline will cost 0.552 cents per liter, which means that a gallon cost two dollars and nine hundredths.91 octane gasoline will cost 0.552 cents per liter, which means that a gallon cost two dollars and nine hundredths. 91 octane gasoline will cost 0.552 cents per liter, which means that a gallon cost two dollars and nine hundredths. PRESS / File

Twitter Shares20Facebook Shares280Email0

The National Secretariat of Energy  announced Wednesday, February 17, that from this Friday, February 19, will a decrease in the price of gasoline.

The price of gasoline have decreased, so in Panama City 95 octane gasoline will cost 0.597 cents per liter, that is to be paid for two dollars a gallon 26/100.

While 91 octane gasoline will cost 0.552 cents per liter, which means that a gallon cost two dollars and nine hundredths.

On the other hand, diesel recorded an increase, staying at 0.470 cents a gallon, or a gallon will be sold in one dollar and 78/100.

According to the National Secretariat of Energy, the downward trend has continued in fuels from June 2014.

Prices have fallen about 50% and the reasons and consequences of the low are numerous, including oversupply, as well as the possible entry into the market of Iran.

- See more at: http://www.prensa.com/economia/febrero-baja-precio-gasolinas_0_4417808311.html#sthash.slBTDmds.dpuf

Share this post


Link to post
Share on other sites
The National Secretariat of Energy announced Wednesday that fuel prices will increase Friday from 6 a.m. - See more at: http://www.prensa.com/in_english/Precios-combustibles-suben-partir-viernes_21_4470512912.html#sthash.supp2eYY.dpuf
The National Secretariat of Energy announced Wednesday that fuel prices will increase Friday from 6 a.m. - See more at: http://www.prensa.com/in_english/Precios-combustibles-suben-partir-viernes_21_4470512912.html#sthash.supp2eYY.dpuf
The National Secretariat of Energy announced Wednesday that fuel prices will increase Friday from 6 a.m. - See more at: http://www.prensa.com/in_english/Precios-combustibles-suben-partir-viernes_21_4470512912.html#sthash.supp2eYY.dpuf
The National Secretariat of Energy announced Wednesday that fuel prices will increase Friday from 6 a.m. - See more at: http://www.prensa.com/in_english/Precios-combustibles-suben-partir-viernes_21_4470512912.html#sthash.supp2eYY.dpuf
The National Secretariat of Energy announced Wednesday that fuel prices will increase Friday from 6 a.m. - See more at: http://www.prensa.com/in_english/Precios-combustibles-suben-partir-viernes_21_4470512912.html#sthash.supp2eYY.dpuf
The National Secretariat of Energy announced Wednesday that fuel prices will increase Friday from 6 a.m. - See more at: http://www.prensa.com/in_english/Precios-combustibles-suben-partir-viernes_21_4470512912.html#sthash.supp2eYY.dpuf
The National Secretariat of Energy announced Wednesday that fuel prices will increase Friday from 6 a.m. - See more at: http://www.prensa.com/in_english/Precios-combustibles-suben-partir-viernes_21_4470512912.html#sthash.supp2eYY.dpuf
The National Secretariat of Energy announced Wednesday that fuel prices will increase Friday from 6 a.m. - See more at: http://www.prensa.com/in_english/Precios-combustibles-suben-partir-viernes_21_4470512912.html#sthash.supp2eYY.dpuf
The National Secretariat of Energy announced Wednesday that fuel prices will increase Friday from 6 a.m. - See more at: http://www.prensa.com/in_english/Precios-combustibles-suben-partir-viernes_21_4470512912.html#sthash.supp2eYY.dpuf
The National Secretariat of Energy announced Wednesday that fuel prices will increase Friday from 6 a.m. - See more at: http://www.prensa.com/in_english/Precios-combustibles-suben-partir-viernes_21_4470512912.html#sthash.supp2eYY.dpuf
The National Secretariat of Energy announced Wednesday that fuel prices will increase Friday from 6 a.m. - See more at: http://www.prensa.com/in_english/Precios-combustibles-suben-partir-viernes_21_4470512912.html#sthash.supp2eYY.dpuf
The National Secretariat of Energy announced Wednesday that fuel prices will increase Friday from 6 a.m. - See more at: http://www.prensa.com/in_english/Precios-combustibles-suben-partir-viernes_21_4470512912.html#sthash.supp2eYY.dpuf
The National Secretariat of Energy announced Wednesday that fuel prices will increase Friday from 6 a.m. - See more at: http://www.prensa.com/in_english/Precios-combustibles-suben-partir-viernes_21_4470512912.html#sthash.supp2eYY.dpuf
The National Secretariat of Energy announced Wednesday that fuel prices will increase Friday from 6 a.m. - See more at: http://www.prensa.com/in_english/Precios-combustibles-suben-partir-viernes_21_4470512912.html#sthash.supp2eYY.dpuf
The National Secretariat of Energy announced Wednesday that fuel prices will increase Friday from 6 a.m. - See more at: http://www.prensa.com/in_english/Precios-combustibles-suben-partir-viernes_21_4470512912.html#sthash.supp2eYY.dpuf

The price of 91 and 95 octane gasoline is going up at 6:00 a.m. tomorrow by close to 2 cents per litre or 12 cents a U.S. gallon

The price of diesel fuel will rise about 9 cents per U.S. gallon.

The National Secretariat of Energy announced Wednesday that fuel prices will increase Friday from 6 a.m.

95 octane gasoline will cost 71.6 cents per liter, or $2.71 a gallon, an increase per gallon of 12 cents.

Whereas 91-octane gasoline will cost 68.2 cents per liter, or $2.58 a gallon, which is also an increase of 12 cents.

Meanwhile, diesel will cost 53.4 cents a liter, or $2.02 per gallon. That is an increase of nine cents per gallon.

The causes of this increase is due to an increase in the price of raw materials in the last three weeks.

- See more at: http://www.prensa.com/in_english/Precios-combustibles-suben-partir-viernes_21_4470512912.html#sthash.supp2eYY.dpuf

http://www.prensa.com/in_english/Precios-combustibles-suben-partir-viernes_21_4470512912.html

The National Secretariat of Energy announced Wednesday that fuel prices will increase Friday from 6 a.m.

95 octane gasoline will cost 71.6 cents per liter, or $2.71 a gallon, an increase per gallon of 12 cents.

Whereas 91-octane gasoline will cost 68.2 cents per liter, or $2.58 a gallon, which is also an increase of 12 cents.

Meanwhile, diesel will cost 53.4 cents a liter, or $2.02 per gallon. That is an increase of nine cents per gallon.

The causes of this increase is due to an increase in the price of raw materials in the last three weeks.

- See more at: http://www.prensa.com/in_english/Precios-combustibles-suben-partir-viernes_21_4470512912.html#sthash.supp2eYY.dpuf

The National Secretariat of Energy announced Wednesday that fuel prices will increase Friday from 6 a.m.

95 octane gasoline will cost 71.6 cents per liter, or $2.71 a gallon, an increase per gallon of 12 cents.

Whereas 91-octane gasoline will cost 68.2 cents per liter, or $2.58 a gallon, which is also an increase of 12 cents.

Meanwhile, diesel will cost 53.4 cents a liter, or $2.02 per gallon. That is an increase of nine cents per gallon.

The causes of this increase is due to an increase in the price of raw materials in the last three weeks.

- See more at: http://www.prensa.com/in_english/Precios-combustibles-suben-partir-viernes_21_4470512912.html#sthash.supp2eYY.dpu

Share this post


Link to post
Share on other sites
On 1/3/2016 at 0:31 PM, Bud said:

Keith,

Thanks for the quick follow-up. You are not mincing words here. The price is "set" by a government agency based on the various regions in the country is what I hear you saying. What is a customer supposed to do when the price at a pump is not in accordance with the published rate schedule?

I, for one, would not complain if the price is lower at the pump, but can I require the station operator to reprice the total bill for my diesel fuel if their rate is higher? Or should I report a station if their price is above the scheduled rate to a government agency? If so, I presume ACODECO would be the appropriate agency. If correct, that is not good news, given my prior experiences with ACODECO. There has been some prior discussion on CL regarding that agency. I just know what my experiences have been. I really do not want to deal with them again.

Looking for advice here. Grin and bear it, is certainly one option.

Bud

http://www.newsroompanama.com/news/panama/gas-prices-edge-up-11-stations-found-overpricing?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+newsroompanama+%28Newsroom+Panama%29

FRIDAY MAY 13   will see gasoline prices edging up again with 95 Octane adding 5 cents a gallon to $2.76 ($.716The National Secretariat of Energy reported that a gallon of 95 octane gasoline will increase by five American cents, and will cost $2.76 a gallon ( $0.716 a liter).

Meanwhile, 91 octane gasoline will rise one cent to  $2.59 a gallon Diesel will increase 7 cents a gallon, to a maximum selling price of $ 2.09. The new prices remain in effect until May 27

Eleven gas stations have been detected with ” anomalies””in their pricing.

Edited by Keith Woolford
  • Upvote 1

Share this post


Link to post
Share on other sites

The cost of fuel is going up this Friday. The National Secretariat of Energy adjusts prices every two weeks based on import costs and reserves.

This table shows how fuel prices have fluctuated in Panama City over the last six months.

They also increase incrementally according to distance from the storage facility beside the Canal so we pay a few pennies more up here near the end of the line.

screenshot-www latinol com 2016-06-08 14-35-59.png

Edited by Admin_01
modified title to include the word 'prices' for more clarity

Share this post


Link to post
Share on other sites
Quote

Gasoline dropping 7 cents a gallon

Posted on June 23, 2016 in Panama

gasoline-620x264.jpg
Post Views: 99

ON THE EVE of the Panama Canal expansion opening, the National Secretariat of Energy (SNE) has announced a 7 cents a gallon decrease in the price of both 91 and 95  octane gasoline while the price of diesel remains unchanged.

A gallon of 95 octane gas will be  $2.73 and  91 octane will cost $2.63 a gallon

The changes kick in   at 6am on Friday, June 24 and stay in  effect until July 8.

http://www.newsroompanama.com/news/panama/gasoline-dropping-7-cents-gallon

Share this post


Link to post
Share on other sites
Quote

Gas prices to fall again

gasoline-620x264.jpg
Post Views: 93

 DRIVING  in Panama will become cheaper on Friday , July 22 as fuel prices take another significant dip.

95 octane gasoline will drop 9 cents per gallon and 91 octane will drop 11 cents a gallon; while diesel will drop 9cents says the National Secretariat of Energy.

In the city of Panama and Colon fuels will be priced at: 95 Octane $2.62 a gallon or $0.692 per liter; 91 octane $2.50 a gallon or $0.660 per liter; and diesel $2.13 a gallon or $ 0.563 per liter.

Currently, prices in Panama and Colón stations are at $2.71 a gallon for 95 octane or $0.716 per liter, while 91 octane gasoline is offered at $2.61 a gallon or $0.689 per liter. The diesel is sold at $2.22 a gallon ($0.586 per liter).

The new prices kick in at  6 am Friday

http://www.newsroompanama.com/news/panama/gas-prices-fall

Share this post


Link to post
Share on other sites
Quote

Gas prices continue downward spiral

Posted on August 3, 2016 in Panama

gas-620x264.jpg
Post Views: 82

AS WORLD oil prices continue to fall fuel prices  in Panama are dropping in tandem

The National Secretariat of Energy reports that on Friday, August 5

95 octane gasoline will go down 0.048 cents per liter and 91 octane will go down 0.039 cents per liter; while diesel will drop 0.047 cents per liter.

In the city of Panama and Colon 95 octane gasoline will cost $0.668 cents per liter, gasoline 91 octane will cost $0.650 cents per liter and low sulfur diesel $ 0.539 cents a liter.

Currently, prices in Panama and Colón stations are at $2.62 a gallon for 95 octane or 0.716 cents per liter, while 91 octane is $2.50 a gallon or 0.689 cents per liter. The diesel is sold at $ 2.13 a gallon 0.586 cents per liter.

http://www.newsroompanama.com/news/panama/gas-prices-continue-downward-spiral

Share this post


Link to post
Share on other sites

Fuel Prices to Increase Friday

Fuel prices will rise Friday, reported the National Secretariat of Energy.

The price of a liter of 95 octane, that currently is sold at 68.2 cents a liter, will rise to 72.1 cents a liter.

Meanwhile, 91 octane will go from 66.3 centers per liter to 70 cents.

Diesel prices will go from 55.2 cents a liter to 59.4 cents a liter.

The new prices will apply until Sept. 16.

This is the second price increase in a row after a number of consecutive price drops. The price is largely determined by the price of oil.

Tabla_LPRIMA20160831_0071_1.jpg

http://www.prensa.com/in_english/viernes-subiran-precios-combustibles_21_4565003463.html

Share this post


Link to post
Share on other sites
Quote

Gas prices down

Posted on September 15, 2016 in Panama

gas-620x264.jpg
Post Views: 107

GASOLINE prices will fall Friday, September 16 says Panama’s National Energy Secretariat.

A liter of 95 octane gas will fall almost four cents from 72.1 cents to 68.2 cents.

The price of a liter of 91 octane will fall from 70 cents to 66.3 cents.

Diesel prices will drop from 59.4 cents a liter to 57.1 cents.

The new prices will be in effect through the end of the month

http://www.newsroompanama.com/news/panama/gas-prices-down

Share this post


Link to post
Share on other sites
Quote

Gas Up, Diesel down

Posted on September 28, 2016 in Panama

gas.jpg
Post Views: 101

GASOLINE prices will rise on Friday September 30 with 95 octane jumping 10 cents a gallon  to  $2.68.

A liter of 95 currently sells at $ 0.682 a liter, and will rise to  $0.708.

Meanwhile, 91 octane will increase two cents a gallon to $2.53. A liter of 91 currently sells for $ 0.663, but from Friday it will be $0.668.

The price of diesel will fall  one cent a gallon to $$2.15.

Per liter, low sulfur diesel is $ 0.571, and from September 30 will be $ 0.568.

The new prices will be in effect until Friday, October 14, says the Ministry of Energy.

http://www.newsroompanama.com/news/panama/gas-up-diesel-down

Share this post


Link to post
Share on other sites

Is it me or does that not seem like the biggest one time increase this year? Trying to make money with all the extra holiday traffic?

Share this post


Link to post
Share on other sites

No complaints here. It was $1.18 a litre when I moved here in 2014.

Share this post


Link to post
Share on other sites
Quote

Gasoline up 7 cents a gallon

Posted on December 22, 2016 in Panama

gas.jpg
Post Views: 113

GASOLINE  prices will rise  by 7 cents a gallon   on Friday December 23, says the National Secretariat of Energy.

95 octane gasoline will be sold at $ 0.745 a liter. It Currently sells at $ 0.726.

In gallons , the 95 octane will increase $ 0.07. from $ 2.75 to $ 2.82.

Meanwhile, 91 octane gasoline will be on sale at   $0.708 a liter. (currently$ 0.689).

In gallons, the 91-octane will also go up $ 0.07. from $ 2.61 which is in the to $ 2.68 a gallon.

Diesel will also rise. From $ 0.608 a liter to $ 0.629. a liter.  In gallons the price increases $ 0.08 from $ 2.30 to $ 2.38.

http://www.newsroompanama.com/news/panama/gasoline-7-cents-gallon

Share this post


Link to post
Share on other sites
Quote

Central America: Fuel Prices up to February 27

Price of gallon of regular gasoline: Costa Rica $3.93, Nicaragua $3.46, Honduras $3.39, Guatemala $2.92, El Salvador $2.86 and Panama $2.70.

Monday, February 27, 2017

From a statement issued by the Ministry of Economy of El Salvador:

Reference prices in the current fortnight show mixed trends caused directly by rising average prices of petroleum, a situation that has been going on for months, which is why in the current fortnight, diesel prices have been affected.

Prices vary in a volatile environment, according to comments made by experts in the oil market, these could fall by about 40% if the OPEC does not keep up the pace of production cuts.

Another aspect that affects crude oil prices and its derivatives is that they have plateaued with a risk of falling because of increases in US production, which is due to a constant increase in these US stocks, occurring at a time when members of the Organization of Petroleum Exporting Countries (OPEC) and other nations outside of the group have started to push production cuts in order to comply with an agreement on supplies reached last year.
 

(price in dollars) Diesel Regular Special
El Salvador 2,55 2,86 3,04
Guatemala 2,44 2,92 3,12
Honduras 3,02 3,39 3,74
Nicaragua 3,01 3,46 3,60
Costa Rica 3,25 3,93 4,12
Panama 2,35 2,70 2,84


*Data taken from Acodeco.gob.pa

 

http://www.centralamericadata.com/en/article/main/Central_America_Fuel_Prices_up_to_February_27

Share this post


Link to post
Share on other sites
Quote

New gasoline prices for March

gas-620x264.jpg

NEW  GAS PRICES  for Panams kicked in at  6:00 a.m. on, Friday, March 3, with 95 octane gasoline showing a slight decrease, while  91 octane and diesel, got  a slight increase.

For the provinces of Panama and Colon, a liter of 95 octane gasoline will cost $ 0.742, that of 91 octane gasoline $ 0.716, and f diesel, $ 0.631.

The new prices will remain in force until March 17,

The prices for each province are available at www.energia.gob.pa,

One gallon of fuel is equivalent to 3.785412 liters. More than 500 complaints, Acodeco receives in 2017

 

http://www.newsroompanama.com/news/panama/new-gasoline-prices-march

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...