Panama Ups Gas Prices
Panama approved an
increase in fuel prices
along with a $1.5
million subsidy to ease
the load on public
transportation users by
stabilizing the price of
diesel for buses.
The increase will be one
cent more per gallon
(3.78 liters) of 96
octane gasoline, seven
cents for regular, and
15 cents more for auto
diesel.
Panama claims to have
the cheapest gas in
Central America at $3.20
and $3.35 per gallon, 80
cents 85 cents per liter
and the lowest gas tax
of the region (15 cents
liter) due to the
cheapest transportation
cost from port to
consumers.
However, the price rise
truly hits cooking gas
consumers who are to pay
an additional $1.93 for
a 100 pound tank.
Prices in Panama do
remain lower than in
Costa Rica, where the
average liter price is
one dollar, and
Guatemalans pay 90
cents. |
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