Gasoline heading to below $3 a gallon.
GASOLINE prices in Panama will fall below $3 a gallon a gallon, something not seen since 2008, say preliminary reports.The latest trend of import parity prices of petroleum products showed that a gallon of gasoline 95 and 91 octane could fall 23/100, so that both products would be located at 2.80 and $2.60, respectively.
A gallon of diesel will also decrease of at least 25 cents according to the latest price trend report of the National Secretariat of Energy. This will put diesel at $2.55 a gallon.
At the local level this year there have been a record 13 reductions in price of so far.
On Friday December 26 we could see the 14th reduction, according to projections.
The decline in prices has been challenged in recent weeks by consumers, who claimed that in Panama are not at levels that they really should be.
Representatives of the importers of fuel, say price declines represent savings to the economyf $77 million a month in all sectors.
Now the big question is whether this drop in fuel prices will affect the cost of production and in the final prices of consumer products says La Prensa..
Gasoline heading to below $3 a gallon.
GASOLINE prices in Panama will fall below $3 a gallon a gallon, something not seen since 2008, say preliminary reports
The latest trend of import parity prices of petroleum products showed that a gallon of gasoline 95 and 91 octane could fall 23/100, so that both products would be located at $ 2.80 and $ 2.60, respectively.
A gallon of diesel will also decrease of at least 25 cents according to the latest price trend report of the National Secretariat of Energy. This will put diesel at $2.55 a gallon.
At the local level this year there have been a record 13 reductions in price of so far.
On Friday December 26 we could see the 14th reduction, according to projections.
The decline in prices has been challenged in recent weeks by consumers, who claimed that in Panama are not at levels that they really should be.
Representatives of the importers of fuel, say price declines represent savings to the economyf $77 million a month in all sectors.
Now the big question is whether this drop in fuel prices will affect the cost of production and in the final prices of consumer products says La Prensa..
