The Panamanian Energy Secretariat announced new fuel prices, citing the behavior of the international hydrocarbon market and recent geopolitical tensions. The entity acknowledged that the increase directly impacts Panamanian families, the transport sector, and the national economic dynamic. It was also noted that Panama imports 100% of the fuel it consumes, meaning price adjustments are a response to international references over which the state has no direct control. In this context, the institution assured that it maintains permanent market monitoring while guaranteeing the continuous national fuel supply to prevent any shortages. According to the official table, maximum retail prices per liter vary by geographic location. In the Panama and Colón areas, 95-octane gasoline is set at B/.1.144, 91-octane gasoline at B/.1.065, and low-sulfur diesel at B/.1.210. In more remote regions like Changuinola, prices rise to B/.1.194 for 95-octane gasoline, B/.1.115 for 91-octane, and B/.1.260 for diesel. The report also details the changes from the previous period, highlighting increases of B/.0.196 per liter for 95-octane gasoline, B/.0.180 for 91-octane, and B/.0.307 for low-sulfur diesel, with the latter showing the highest increase in the local market.
Panama Raises Fuel Prices Due to International Market
The Panamanian government has increased retail prices for gasoline and diesel, citing rising global prices and geopolitical risks. Prices vary by region, with higher costs in remote areas. The state ensures a continuous fuel supply.