The Panama gasoline price puzzle continues
PANAMA. While the price of oil is tumbling on world markets, the Government’s bi-weekly fuel parity-prices announcement has been postpon...
PANAMA. While the price of oil is tumbling on world markets, the Government’s bi-weekly fuel parity-prices announcement has been postponed until next Wednesday, and there are forecasts that gasoline prices will rise dramatically in Panama. The measure was taken by the goverment while searching for solutions to stop the consequences of a new —and contradictory, since the crude oil barrel is below $100— rise in crude oil derivatives in the national market.
Manuel José Paredes, Interior Trade vice-minister, said this measure will last seven days and he discarded for now the possibility of exonerating the import tax.
Rumor had it yesterday that the foreseen increases were going to be of 60 cents per gallon for 95 octanes gasoline and 40 cents per gallon for 91 octanes gasoline. It was also said that the price of light diesel could drop by 20 cents per gallon.