Panama gasoline prices up 25.6% in the first half of the year

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(MENAFN – Panama press room) The price of gasoline in Panama, during the first half of 2021, registered an increase of 25.6% behind only Argentina with the highest percentage increase (49, 2%), in the region according to an analysis by the marketing agency picodi.com.

Currently and through July 30, a liter of 95 octane gasoline at Panama and Colón stations sells for 93 cents and a gallon for $ 3.55.

In July 2020, when consumption had fallen due to the pandemic, the liter of 95 octane cost 64 cents and the gallon $ 2.43, that is to say that in one year the increase was was $ 11.1 per gallon. Panama does not have a refinery and purchases finished fuels on the international market, depending on fluctuations in the price of oil; and it must index insurance, transport and tax costs for the State.

Gasoline prices also increased in Nicaragua (23.1%), Dominican Republic (20.6%), Puerto Rico (20.2%), Guatemala (16%), Costa Rica (9 , 1%) and in Paraguay (7.5

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