From this Friday, October 6, new maximum selling prices of fuel in Panamaas determined by Decision no. MIPRE-2023-0039560, published this Wednesday in the Official Gazette no. 29882-B.
The official fuel prices in Panama will present a slight drop of between $0.04 and $0.05 cents in 95 and 91 octane gasoline, while diesel will drop to B/. 0.01 cents.
The 95 octane gasoline will have a price per liter of $1.123, which translates to $4.25 per gallon, which means your cost will drop 14 cents, since the current price per gallon is $4.398.
On its part, liter of 91 octane It will be $1,043, or $3.95 per gallon.
Which means a decrease of 19 cents, since it is currently at $4,140.
He price per liter of sulfur-free diesel set at $1,091 or $4,129 for each gallon.
Which means a decrease of 3 cents, it still remains at $4,159
The new prices go into effect this Friday at 6:00 a.m. and will be in effect until October 20, 2023 at 5:59 a.m.
September 12. People’s government approved to extend until October 15 the price per gallon of solidarity fuel to B/.3.25 for gasoline and diesel of 91 octane.
Executive Decree no. 123 of May 11, 2023it was decided to regulate the maximum prices for the sale of certain liquid fuels to the public in the Republic of Panama for six (6) months, with the possibility of extension.
He Executive order cited, authorized the National Energy Secretariat to determine, on each occasion, through a resolution of mere compliance, the maximum specific public selling prices of each fuel at each location, and also to update them every fourteen (14) calendar days of such prices based on variations that experienced appropriate import parity prices and estimates of transportation costs and reasonable marketing margins for each fuel.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
