The National Energy Secretariat confirmed new maximum consumer prices for liquid fuels across Panama. The updated prices will take effect from Friday, November 14, 2025, and remain until Thursday, November 27. This biweekly adjustment results in higher costs for the country’s three main petroleum derivatives.
Drivers will see increases at the pump for all major fuel types. A liter of 95-octane gasoline will rise from 84.8 cents to 88.0 cents. The price for 91-octane gasoline increases from 81.6 cents to 85.1 cents per liter. Low-sulfur diesel, used extensively for commercial transport, jumps from 81.4 cents to 85.9 cents per liter. The octane rating is a standard measure of fuel performance.
International Market Forces Drive Domestic Prices
Panama’s energy regulatory body links these biweekly adjustments directly to global market fluctuations. Officials calculate the new prices based on the international values of finished products, specifically gasoline and diesel, quoted on the Gulf Coast of the United States. This region serves as Panama’s primary supply market. The most recent reference period showed a slight upward trend in these international quotations, directly influencing the domestic price hike.
The National Energy Secretariat provided an official statement regarding the pricing mechanism.
Our commitment is to guarantee that the variations reflect only the international costs and to continue working on alternatives that reduce the dependence on fossil fuels. [Translated from Spanish]
This policy aims for price transparency, ensuring local consumers bear only the direct costs of international procurement without additional markups.
These adjustments form part of a standardized, twice-monthly review process. The system is designed to prevent large, unpredictable price shocks by making smaller, more frequent corrections. This latest change continues a pattern of recent increases, putting financial pressure on both individual consumers and the transportation sector. The new pricing structure is now officially established for the next fourteen-day cycle.