{"id":13631,"date":"2026-05-28T11:50:00","date_gmt":"2026-05-28T16:50:00","guid":{"rendered":"https:\/\/expat-times.com\/panama\/?p=13631"},"modified":"2026-05-27T16:05:31","modified_gmt":"2026-05-27T21:05:31","slug":"panama-fuel-prices-drop-up-to-17-cents-per-gallon-starting-may-29","status":"publish","type":"post","link":"https:\/\/expat-times.com\/panama\/business-economy\/panama-fuel-prices-drop-up-to-17-cents-per-gallon-starting-may-29\/","title":{"rendered":"Panama Fuel Prices Drop Up to 17 Cents Per Gallon Starting May 29"},"content":{"rendered":"

Panama will reduce maximum fuel prices across the country starting Friday, May 29, with the biggest cut applied to diesel. The National Energy Secretariat of Panama<\/a> announced the adjustment on Wednesday. The new rates will remain in effect until June 12, 2026.<\/p>\n

The price of 95-octane gasoline will drop to $5.06 per gallon in Panama City and Colon. That works out to $1.337 per liter. The 91-octane gasoline will fall to $4.74 per gallon, or $1.252 per liter. But the largest reduction hit diesel fuel.<\/p>\n

Ultra-low sulfur diesel saw a decrease of 4.5 cents per liter, which translates to roughly 17 cents per gallon. The new price sits at $4.84 per gallon. The National Energy Secretariat confirmed the reductions stem from falling international petroleum prices.<\/p>\n

\"fossil<\/p>\n

Regional Price Differences Remain Wide<\/h2>\n

Not all Panamanians will pay the same at the pump. Geographic location still matters. In Changuinola, 95-octane gasoline will cost $5.25 per gallon. Cerro Punta residents will pay $5.17 per gallon for the same fuel.<\/p>\n

Panama City and Colon continue to enjoy the lowest prices nationwide. Officials attribute this to lower logistics and transportation costs in urban centers. The fuel price regulation in Central America<\/a> follows similar patterns across the region.<\/p>\n

The 95-octane gasoline dropped 2.6 cents per liter. The 91-octane grade fell 2.7 cents per liter. These are smaller reductions compared to diesel. The government reviews prices every 14 days using an international benchmark system.<\/p>\n

“The adjustment responds to a decrease in international quotations for petroleum derivatives,” said a spokesperson for the National Energy Secretariat. [Translated from Spanish]<\/p><\/blockquote>\n

Recent Price Trends Show Continued Decline<\/h2>\n

The new adjustment extends the downward trend observed in the second half of May. International markets have experienced significant fluctuations in recent weeks. Panama remains exposed to this volatility because it imports nearly all its fuel.<\/p>\n

The official price annex covering May 13 through May 26 shows how international references influenced local rates. Changes in crude oil and refined product benchmarks drove the latest cuts. The ultra-low sulfur diesel<\/a> category saw the most dramatic movement.<\/p>\n

Officials from the National Energy Secretariat<\/a> emphasized the biweekly review mechanism. It considers international variables and local logistics costs. The system aims to balance consumer protection with market realities.<\/p>\n

Panama’s fuel pricing structure differs from its Central American neighbors. Some countries subsidize fuel directly. Others allow complete market freedom. Panama uses a regulated maximum price system.<\/p>\n

The next price review will occur around June 12. Analysts will watch international crude markets closely. Any major shifts could push prices up or down again. For now, drivers across Panama can expect some relief at the pump.<\/p>\n","protected":false},"excerpt":{"rendered":"

Panama will reduce maximum fuel prices across the country starting Friday, May 29, with the biggest cut applied to diesel. The National Energy Secretariat of Panama announced the adjustment on Wednesday. The new rates will remain in effect until June 12, 2026. The price of 95-octane gasoline will drop to $5.06 per gallon in Panama<\/p>\n","protected":false},"author":1,"featured_media":8574,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","footnotes":""},"categories":[30,34],"tags":[150,149,4529,1206],"class_list":["post-13631","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business-economy","category-living","tag-gasoline-prices-panama","tag-panama-fuel-prices","tag-panama-fuel-prices-drop","tag-panama-gasoline-prices"],"_links":{"self":[{"href":"https:\/\/expat-times.com\/panama\/wp-json\/wp\/v2\/posts\/13631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/expat-times.com\/panama\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/expat-times.com\/panama\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/expat-times.com\/panama\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/expat-times.com\/panama\/wp-json\/wp\/v2\/comments?post=13631"}],"version-history":[{"count":1,"href":"https:\/\/expat-times.com\/panama\/wp-json\/wp\/v2\/posts\/13631\/revisions"}],"predecessor-version":[{"id":13632,"href":"https:\/\/expat-times.com\/panama\/wp-json\/wp\/v2\/posts\/13631\/revisions\/13632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/expat-times.com\/panama\/wp-json\/wp\/v2\/media\/8574"}],"wp:attachment":[{"href":"https:\/\/expat-times.com\/panama\/wp-json\/wp\/v2\/media?parent=13631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/expat-times.com\/panama\/wp-json\/wp\/v2\/categories?post=13631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/expat-times.com\/panama\/wp-json\/wp\/v2\/tags?post=13631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}