Economy Country 2026-03-19T03:13:29+00:00

Hit to the Pocket: Fuel Prices Rise Up to 30 Cents per Liter Starting March 20

From March 20 to April 3, 2026, Panama will see a significant fuel price hike. The maximum increase of 30.7 cents per liter will affect diesel and directly impact the cost of living and the nation's economy.


Hit to the Pocket: Fuel Prices Rise Up to 30 Cents per Liter Starting March 20

Starting from March 20 to April 3, 2026, Panamanians will face a new increase in fuel prices, which will be directly felt in the pockets of drivers, transporters, and consumers. The National Secretariat of Energy reported that the adjustment is due to the behavior of the international hydrocarbon market and recent geopolitical tensions, factors over which Panama has no control, as it imports 100% of the fuel it consumes. The increase is not minor. According to the official statement, 95-octane gasoline rises by 19.6 cents per liter, 91-octane gasoline increases by 18 cents, while low-sulfur diesel sees the biggest impact with a rise of 30.7 cents per liter. In Panama and Colón, the maximum prices are set at 1.144 balboas per liter for 95-octane gasoline, 1.065 for 91-octane, and 1.210 for diesel. However, in more remote areas like Changuinola, prices climb to 1.194, 1.115, and 1.260 balboas respectively, reflecting logistical differences in distribution. The entity acknowledged that this increase directly impacts Panamanian families, transportation, and the country's economic dynamics at a time when the cost of living remains a sensitive issue. Despite the blow, authorities assure they maintain constant monitoring of the international market and guarantee national supply, trying to avoid scarcity scenarios. Meanwhile, the official advice sounds almost like technical consolation: drive smoothly, check tires, maintain your vehicle, and plan routes to save fuel. But on the street, the reality is different: every cent that fuel rises ends up multiplying in the cost of transportation, food, and, at the end of the day, a direct hit to the citizen's wallet.