The prices of gasoline and other transportation and cooking fuels will remain frozen for the next seven days in Nicaragua, to “mitigate the impact of the increase in the economy of families,” the local government reported this Saturday.
According to the Nicaraguan Institute of Energy (INE), the freeze on fuel prices, which keeps gasoline above five dollars per gallon, will continue tomorrow, Sunday, and will last until next Saturday, September 2.
Thus, the cost of superior gasoline, used in light cars, will remain at 5.15 dollars. And that of regular gasoline, applied to old-fashioned and off-road cars, will continue at 5.03 dollars; while diesel, used in cargo and collective transport, will remain at 4.55 dollars per gallon (3.78 liters).
It will be the twenty-first consecutive week that fuel prices will remain stable in Nicaragua.
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The prices of Liquefied Petroleum Gas (LPG) will also remain unchanged, although these depend on the size of the tank and the department (province) where they are sold, confirmed the Nicaraguan Institute of Energy.
In the case of diesel, the INE indicated that Nicaraguans will save 0.57 dollars per gallon, but did not specify how much the savings will be in other fuels.
Fuel price stability costs the Nicaraguan state between 4 and 6 million dollars each week, according to the Nicaraguan government.
Nicaragua has a fund of 200 million dollars as part of a line of credit of up to 800 million dollars, arranged by the Central American Bank for Economic Integration (CABEI) to finance a regional support program in the face of the global rise in prices of fuels.
