Fuel prices are approaching freezing

With an adjustment next Friday91 octane petrol and diesel prices are close to those that have been frozen for these fuels since July 2022.

The price of 91 octane gasoline in Panama and Colón drops from this Friday, December 29 to $3.35 per gallonwhile diesel is also reduced to $3.38

As of July 18, 2022, in the midst of the first national day of protest against the high cost of living, The government has frozen the price of gasoline and diesel at $3.25.

This indicates that, amid falling oil prices across the country, subsidy that the Government must give in these two weeksAt a minimum, it will be just 10 cents for every gallon of 91-octane gasoline filled and 13 cents for diesel.

He The exchange rate correction will be in effect until next January 12.

The the last extension of the fuel subsidy is until January 4 And considering the decision not to include it in the budget for 2024, the question arises whether its validity will continue to be extended.

The 95 octane gasolinewhich ceased to be subsidized as of April 22, is bearing the cost of this price adjustment as it will rise to $3.56 per gallon starting Friday.

Until the early morning hours of that day, you can get it for $3.45 a gallon, ie. will increase by 11 cents.

At the international level, A barrel of WTI oil, the benchmark for Panama, fell to $75.07 this Wednesdaydue to the continued traffic of some companies through the Red Sea, a route that has been hit by attacks by the Yemeni Houthi militia in recent weeks.

This happens after setting a multinational workforce in the region to avoid attacks.