Fuel prices increase in Panama from August 7 to August 21

Fuel prices in Panama are set to rise starting Friday, August 7, with the new maximum prices remaining in effect until August 21. The National Secretariat of Energy announced the adjustments, which will impact various types of fuel.

The most significant increase will be for low-sulfur diesel, which will go up by $0.06 per liter. This translates to an approximate increase of $0.23 per gallon. The price hike affects consumers and businesses relying on diesel for transportation and operations.

Gasoline prices will also see an increase. The price of 95-octane gasoline will rise by $0.02 per liter, approximately $0.06 per gallon. Meanwhile, 91-octane gasoline will increase by $0.01 per liter, amounting to about $0.05 per gallon.

Specific maximum prices for Panama and Colón provinces were detailed, though not fully listed in the provided text. Consumers are advised to be aware of these changes as they plan their expenses. The announcement comes as fuel costs continue to be a significant factor in household and business budgets.