Tuesday, 21 March 2023 15:35

US$0.04 will increase the price of regular and premium gasoline in the next few days

Written by Evelyn Alas

The Dirección General de Hidrocarburos y Minas (DEHM), informs salvadorans the new reference prices for the next days, which present an increase of US$0.04 for each gallon to be consumed from march 21 to april 03, 2023.

For people who purchase superior gasoline for the central zone it will cost US$4.44, regular gasoline US$4.22 and diesel US$4.11.

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For those who buy fuel in the western zone, the superior will cost US$4.45, regular US$4.23 and diesel US$4.12.

As for people who travel through the eastern zone, premium gasoline will have a value of US$4.48, regular gasoline US$4.27 and diesel US$4.16.

The factors according to the institution are due to the fact that the International Energy Agency (IEA), presents low gasoline and diesel reserves, according to its last weekly report.

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There is uncertainty in the US banking system, generating a mixed trend in international gasoline and diesel prices.

China's economy generates expectations of an increase in the demand for oil derivatives, creating a mixed trend in the international prices of hydrocarbons.

Likewise, in the international fuel market, the West Texas Intermediate (WTI) barrel registered a drop of US$1.61 or 2.36%, trading at US$66.74. Brent crude oil fell US$1.73 or 2.32%, trading at US$72.97.

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According to international media, the fall of West Texas Intermediate (WTI) this week to below US$70 per barrel could prompt the US government to begin to replenish its Strategic Petroleum Reserve, boosting demand.

Concerns about a global banking crisis caused both Brent and West Texas to reach their biggest weekly declines in months.

 

Translated by: A.M