Gasoline Prices in Panama decreased to 1.09 USD/Liter in September from 1.11 USD/Liter in August of 2023. This dataset provides the latest reported value for - Panama Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Panama: Gasoline prices at the pump, in dollars per liter: The latest value from 2016 is 0.74 dollars, a decline from 0.96 dollars in 2014. In comparison, the world average is 0.98 dollars, based on data from 165 countries. Historically, the average for Panama from 1992 to 2016 is 0.67 dollars. The minimum value, 0.41 dollars, was reached in 1998 while the maximum of 1.05 dollars was recorded in 2012.

Gasoline prices increased worldwide in the first half of 2022, a consequence of the Russian invasion of Ukraine and the tightening of fossil fuels market. In Latin America, Panama reported the largest impact, with the average price per liter increasing by ** percent between January and June 2022. Ecuador and Colombia were the only two countries displayed which registered a decline in prices. However in 2023 the average price per liter has remained relatively stable. An opposite trend was observed in 2020, when gasoline prices decreased in Latin American countries because of the travelling restrictions brought in by the COVID-19 pandemic.

For the third consecutive year, the Panamanian gas supply meter market recorded growth in sales value, which increased by 60% to $32M in 2024. In general, the total consumption indicated a strong increase from 2012 to 2024: its value increased at an average annual rate of +6.4% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +85.3% against 2021 indices.