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Fuel (Gasoline and Diesel) Prices and Consumption Levels [Ongoing]


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Gasoline prices tumble Friday

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Posted 04/05/2023

 The Ministry of Energy reported that there will be new fuel prices starting Friday, May 5.

95 octane gasoline will lower its price by 11 cents to  $1.06 per liter. While, 91 octane gasoline will drop nine cents, to 0.97 cents per liter.

Low sulfur diesel will decrease by seven cents, remaining at 0.86 a liter.

These prices will apply until 5:59 am on Friday, May 19.

https://www.newsroompanama.com/news/gasoline-prices-tumble-friday

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Gasoline prices down across the board

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Gasoline prices will register a decrease from Friday, May 19, reports the National Secretariat of Energy. 95 octane gasoline will drop five cents and will sell for $1.01 per liter. Meanwhile, 91 octane gasoline will drop two cents and will be on sale at 95 cents per liter. While low sulfur diesel will decrease by two cents, to 84 cents per liter.  The prices will remain in effect until Friday, June  2.

Posted 18/05/2023

https://www.newsroompanama.com/news/gasoline-prices-down-across-the-board

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Fuel prices edge down on Friday

Posted 14/06/2023

 The Ministry of Energy reported that there will be new fuel prices from this Friday, June 16.

95 octane gasoline will drop in price by one cent, leaving it at one dollar and four cents per liter. 91 octane gasoline will drop one cent to 97 cents per liter.

Low sulfur diesel will also drop a penny, ending at 84 cents a liter.

The prices will apply until 5:59 a.m. June 30.

With the new prices, the savings per subsidized gallon in the 91-octane fuel will be 69 cents.

And in the gallon of diesel the savings would be seven cents. A gallon of 91 octane gasoline and subsidized diesel are 3 dollars and 25 cents.

The government approved extending the validity of the fuel price to $3.25 until July 15.

https://www.newsroompanama.com/news/fuel-prices-edge-down-on-friday

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Gasoline subsidy extended until August 14

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Posted 11/07/2023

The subsidy that sets the price of a gallon of 91 octane gasoline and diesel at $.3.25, has been extended by the National Government, after being approved by the Cabinet Council, which approved maintaining the benefit until August  14.

According to the Executive, this decision extends the effects of Article 1 of Cabinet Resolution No. 60 of May 19, 2022, which temporarily stabilizes the price of fuel, with a contribution from the State up to the sum of $10 million.

"With this measure, the National Government seeks to continue promoting economic growth in sectors such as agriculture, livestock, industry, and tourism, among others, in addition to not increasing the price of the ticket for the population, as well as guaranteeing the generation of jobs and that inflation in Panama remains among the lowest in the world," they pointed out.

https://www.newsroompanama.com/news/gasoline-subsidy-extended-until-august-14

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New fuel prices kick on Friday

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Posted 12/07/2023

As of Friday, July 14, fuel prices will be presenting new increases, according to the Ministry of Energy.

95 octane gasoline will raise its price by two cents, to a dollar and seven cents per liter. 91 octane gasoline will increase by two cents, to 98 cents per liter.

Meanwhile, low sulfur diesel will rise one cent, the remaining  88 cents per liter.

These prices apply until 5:59 in the morning of July 28.

President Cortizo announced the extension of the solidarity fuel subsidy for 91 gasoline and diesel, so the new prices that come into effect as of Friday will experience savings in the final cost.

Thus, the savings per subsidized gallon in 91 octane gasoline will be 0.81 cents and in the diesel gallon, the savings would be nine cents.

A gallon of 91 octane gasoline and subsidized diesel is at $3.25 and the government approved

https://www.newsroompanama.com/news/new-fuel-prices-kick-on-friday

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Across the board hike in fuel prices on Friday

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Posted 27/07/2023

The Ministry of Energy reports that there will be new fuel prices from Friday, July 28.

The price of 95 octane gasoline will rise by six cents, to $1.13 cents per liter. 91 octane gasoline will rise six cents to $1.04 cents per liter.

Low sulfur diesel will rise by four cents, to 0.92 a liter. These prices will apply until 5:59 in the morning of August 11.

With these new fuel prices that come into force as of this Friday, the savings per subsidized gallon in the 91-octane fuel will be 0.69 cents. The subsidy will end on August 1

https://www.newsroompanama.com/news/across-the-board-hike-in-fuel-prices-on-friday

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Fuel prices jump on Friday

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Posted 09/08/2023

The Ministry of Energy has announced new fuel prices which will kick in on Friday, August 11.

95 octane gasoline will raise its price by five cents, leaving it at one dollar with 18 cents per liter. 91 octane gasoline will rise by five cents to 1.09 cents per liter.

Low sulfur diesel will rise by nine cents, remaining at $1.01 a literThese prices will apply until 5:59 am August 25.

With these new fuel prices, the savings per subsidized gallon in the 91-octane fuel will be 0.88 cents. 

And in the diesel gallon, the savings would be 0.58 cents. A gallon of 91-octane gasoline and subsidized diesel is 3 dollars and 25 cents. The government approved extending the validity of the fuel subsidy until  August 14.

https://www.newsroompanama.com/news/fuel-prices-jump-on-friday-2

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Fuel subsidy continues

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Posted 17/11/2023

This Tuesday, November 14, the National Government extended for one month the fuel subsidy that sets the

price per gallon of 91 octane gasoline and diesel at B/.3.25.

According to the latest announcement, this benefit was valid until this Tuesday but, was extended until December 14, 2023.

The Ministry of the Presidency indicated through the social network fixed price of B/.3.25 per gallon of fuel,

for 91 octane gasoline and diesel.

https://www.newsroompanama.com/news/fuel-subsidy-continues

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New regular fuel prices

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Posted 29/11/2023

The National Secretariat of Energy announced the new regular fuel prices, which will be in effect between December 1 and 15.

95 octane gasoline will increase by one cent per liter and will be sold at $0.948 while 91 octane gasoline will not register an increase and will maintain the price of $0.89 per liter

Low-sulfur diesel will drop three cents and a liter will be sold for $0.927

91 octane gasoline and diesel are within the Government's subsidy plan. 95 octane gasoline has not been part of the fixed price since April.

https://www.newsroompanama.com/news/new-regular-fuel-prices

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Gas prices down across the board on Friday

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 Posted 13/12/2023

Starting Friday, December 15, the price of fuel will decrease, at the national level, confirmed the National Secretariat of Energy (SNE), in a statement on December 13. The entity indicated that 95 octane gasoline will reduce its price by four cents per liter and 91 octane gasoline will reduce its price by two cents. The cost of low sulfur diesel will decrease by five cents. According to the price table, the cities that will have the cheapest liter of fuel are Panama, Colón, Arraiján, La Chorrera, and Antón. The highest prices are Boquete, Volcán, Cerro Punta, Puerto Armuelles, and Changuinola.

https://www.newsroompanama.com/news/gas-prices-down-across-the-board-on-friday

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Across-the-board increases in fuel prices

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Posted 27/12/2023

It will cost you more to drive following new fuel prices, announced by the National Secretary of Energy, which will take effect starting Friday, December 29. 95 octane gasoline will increase its price three cents, to 94 cents per liter. Meanwhile, 91 octane gasoline will also increase its price by two cents, remaining at 89 cents per liter. Low sulfur diesel will rise two cents, remaining at 89 cents per liter. These prices will be in effect until 5:59 in the morning Friday, January 12. Fuel subsidies and digital vouchers were not included in the 2024 general state budget.

https://www.newsroompanama.com/news/across-the-board-increases-in-fuel-prices

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New fuel prices start Friday

Posted 11/01/2024

New fuel prices, will come into effect starting Friday, January 12.95 octane gasoline will see an increase of one cent per liter, reaching a price of $0.95). 

91 octane gasoline and low sulfur diesel will register a slight decrease of less than a cent per liter. 91 octane gasoline will be sold at $0.88 per liter ($3.33 per gallon) and diesel at $0.88 per liter ($3.33 per gallon).

The new prices will be in effect from 6:00 am on Friday the 12th until 5:59 am on Friday, January 26.

The fuel subsidy,  ended Friday, January 5. In the state budget for 2024, no financial resources were allocated to maintain the subsidy.

https://www.newsroompanama.com/news/new-fuel-prices-start-friday

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Car fuel prices are up across the board

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 Posted 25/01/2024

The National Secretariat of Energy reports that there will be new fuel prices starting Friday, January 26.

95 octane gasoline will increase its price by three cents, to 98 cents per liter.

91 octane gasoline will also increase by two cents, to 90 cents per liter.

Low-sulfur diesel with an increase of two cents to 91 cents per liter.

Maximum sales prices are updated every 14 calendar days based on variations in import parity costs.

https://www.newsroompanama.com/news/car-fuel-prices-are-up-across-the-board-1

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Carnival will begin with higher fuel prices

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Posted 08/02/2024

Fuel prices will increase starting on Friday, February 9, according to the National Secretariat of Energy (SNE).

95 octane gasoline will increase by two cents and will be sold at $1.00 per liter ($3.78 per gallon).

While 91 octane gasoline will have an increase of 3 cents and will be on sale for $0.93 per liter ($3.51 per gallon).

low sulfur diesel, it will also increase 3 cents and will be priced at $0.94 per liter ($3.57 per gallon).

The new fuel prices will be in effect from 6:00 am on Friday, February 9 until 5:59 am on Friday, February 23.

https://www.newsroompanama.com/news/carnival-will-begin-with-higher-fuel-prices

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Another across-the-board increase in fuel prices

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Posted 22/02/2024

Fuel prices in Panama will increase at least three cents a liter starting  Friday, February 23 reports the National Energy Secretariat. It is the third successive two-weekly increase this year.

95 octane gasoline will increase by three cents per liter, reaching a price of $1.03 per liter ($3.90 per gallon), while 91 octane gasoline will also increase three cents, reaching $0.96 per liter ($3.63 per gallon).

Low-sulfur diesel will increase by four cents per liter, settling at $0.98 ($3.71 per gallon).

The new prices will be in effect from 6:00 am on Friday,  February 23, until 5:59 am on Friday, March

https://www.newsroompanama.com/news/another-across-the-board-increase-in-fuel-prices

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Gasoline Prices rise this Friday March 8th

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Posted 06/03/2024

Starting Friday March 8th the price of 95 and 91 octane gasoline will increase.  The 95 octane will increase three cents per liter and will sell at $1.06 while the 91 octane will rise only one penny with a price of 97 cents.  The cost of low-sulfur diesel will decrease by five cents per liter and will sell at 93 cents.  These are Panama City prices so in David and Boquete, you can expect some slightly higher pricing. These prices will take effect from 6:00 am this Friday until next Friday March 22nd reported the National Secretariat of Energy.

https://www.newsroompanama.com/news/gasoline-prices-rise-this-friday-march-8th

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Fuel Prices Increase on Friday at 6am

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Posted 21/03/2024

Increased fuel prices will come into effect starting Friday March 22nd.  95 octane gasoline will increase five cents, raising its price per liter to $1.10 ($4.18 per gallon) while 91 octane gasoline will increase four cents per liter, reaching a price of $1.00 ($3.82 per gallon).  As for low-sulfur diesel, it has been reported that its price will increase by one cent per liter, to remain at $0.94 ($3.55 per gallon).  These new prices will be in effect from 6:00 am on Friday, March 22nd until 5:59 am on Friday April 5th.

https://www.newsroompanama.com/news/fuel-prices-increase-on-friday-at-6am

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Friday April 5 Most Fuel Prices Rise

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Posted 04/04/2024

6am Friday, tomorrow the prices rise, so get your gasoline today.  Not all prices are the same in all towns and cities.  A complete chart is below. 95 octane gasoline will increase by one penny pricing it at one dollar and 11 cents per liter. 91 octane gasoline will also rise one cent to 1.02 cents per liter. Low sulfur diesel will drop by one cent to 0.93 cents per liter. These prices will remain in effect until 5:59am Friday April 19thgasoline-prices.jpg

https://www.newsroompanama.com/news/friday-april-5-most-fuel-prices-rise

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Gasoline Prices Rise on Friday

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 Posted 18/04/2024

Fuel price increases will happen Friday April 19 at 6am.  95 octane gasoline will rise two cents per liter, 91 octane gasoline will also increase its price by one cent, and Low sulfur diesel will increase its price by one cent.  It was reported that these prices will remain in effect until 5:59am next Friday, May 3 by The National Secretariat of Energy.

https://www.newsroompanama.com/news/gasoline-prices-rise-on-friday

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