Categories: Economy

Gasoline will increase in price by 12 cents from Friday

Gasoline and diesel will increase in price starting this Friday, January 26, after the announcement of the new price State Secretariat for Energy.

95 octane gasoline will be the one to reflect the biggest increase, from $3.60 to $3.72 per gallon for the cities of Panama and Colón.

Meanwhile, 91-octane gasoline will go up seven cents, from $3.33 to $3.40 per gallon.

Diesel will go up 10 cents per gallon and will collect from Friday $3.45.

These prices It will be in effect until the early hours of Friday, February 9the date on which the traditional exodus of the capital’s inhabitants to the interior begins, due to carnival festivities.

In Changuinolawhich is the highest price point in the country, 95-octane gasoline will be available for $3.91 per gallon, while 91-octane gasoline will cost $3.59 and diesel will cost $3.72.

At the international level, The price of a barrel of WTI oil this Wednesday was 75.42 dollarswith an increase of $1.05 compared to the previous day, due to the strengthening of the dollar and tepid demand, according to the preciopetroleo.net website.

More than two weeks, The government canceled the subsidy it had kept for 18 months in fuel costs and which represented a cost of more than 500 million dollars.

He exchange rate adjustments that will take effect from Friday When it comes to 91-octane gasoline and diesel, most drivers are left at the mercy of prices they haven’t paid in over a year.

Source: Panama America

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