For several years we have complained of extremely high gasoline prices in Panama. I remember one year, the prices escalated almost to $5.00 per gallon. We were tempted to buy a scooter to save money. We just couldn’t afford to use our car with our meager retirement check.
Now the situation has changed 180 degrees. Due to low prices of crude, the price of fuel had dropped drastically. A few day ago I went to the gasoline station to fill up my car and was amazed at how cheap gasoline was. Usually we don’t use our vehicle, a 2006 Toyota Corolla, much; except to buy our groceries and a few minor errands near our home. My monthly budget for gasoline is less than $10.00. Next month I expect it will be even cheaper than that.
Even as we speak, these are the prices for light diesel, premium and regular gasoline in Panama City, Panama. Here we go.
Above prices are expressed in litres. There are 3.7854 litres in a U.S. Gallon. The conversion to U.S. gallons are:
- Light Diesel (low sulphur): $2.52 per U.S. Gallon
- Regular Gasoline (91 octanes): $2.57 per U.S. Gallon
- Super Gasoline (95 octanes): $2.77 per U.S. Gallon
Very good news for drivers in Panama for the New Year 2015. Happy Driving and Good Day!