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Gasoline Prices Up 1 Lempira

Gasoline Prices Up 1 Lempira

Monday, 08 March 2010 00:00

The cost of a gallon of gasoline in Honduras increased Monday by 86 cents to Lps 1. The average price of a gallon of high-test gasoline in Honduras went up to Lps 69.86, while regular rose to Lps 65.37. Diesel fuel increased by Lps 0.52, to Lps 57.88. The price of kerosene rose by Lps 0.62, to Lps 46.28. In January 2009, the price of a gallon of high-test in Honduras stood at Lps 48.61; regular, Lps 45.24; and diesel, Lps 45.34. Honduras consumes more than 52,000 barrels of oil per day. About 20,000 of those barrels had been coming from Venezuela, on preferential payment terms, under the Petrocaribe energy alliance established in 2005. The government of Manuel Zelaya subscribed to Petrocaribe in August 2008. Venezuelan president Hugo Chávez suspended Petrocaribe oil shipments to Honduras in July shortly after Mr. Zelaya was ousted as president. Crude oil prices closed Friday on world markets at US$79.81 per barrel. (3/8/10) (photo courtesy La Prensa)