Tuesday, 24 January 2023 02:50

Fuel prices increase between US$0.29 and US$0.16 nationwide

Written by Evelyn Alas

The Ministerio de Economía (MINEC), informs salvadorans the reference prices of fuels that will be in effect from january 24 to february 6, 2023.

For those who buy premium gasoline in the central, western and eastern zones, prices are between US$4.42 and US$4.37 per gallon and an increase of approximately US$0.29.

Drivers who purchase regular fuel in the eastern, central and western zones will find prices at US$4.24 and US$4.19 per gallon with an average increase of US$0.23.

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In addition, carriers that fill up their trucks or buses will find the price of diesel in the three zones of the country between US$4.68 and US$4.64 per gallon.

MINEC explains that the increases have been due to the increase of the winter to the northern countries.

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Also, the increase in international prices has had an influence, mainly due to the reopening of the chinese industry. The United States increased the consumption of oil and its derivatives, mainly in gasoline and diesel.

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Likewise, the reduction in the production of oil exporting countries (OPEC) by 2023, allowing the international hydrocarbons market to fluctuate upwards. The imposition of measures on Russian oil, as a result of the international war.

 

Translated by: A.M