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ID| Fuel Type | USD / Liter | PAB / Gallon | vs World Avg |
|---|---|---|---|
| ⛽ Gasoline (Petrol) | $1.420 | B/. 5.375 | -10.9% |
| 🚛 Diesel | $1.520 | B/. 5.754 | -4.6% |
| 🔵 LPG / Autogas | N/A | — | |
| ⚡ Electric (kWh) | $0.175 | B/. 0.175 | |
| ⚡ Electric Business (kWh) | $0.197 | B/. 0.197 | |
| 🔥 Natural Gas (m³) | N/A | — | |
| 🔥 Natural Gas Business (m³) | N/A | — | |
| 💧 Kerosene | N/A | — | |
| 🌡 Heating Oil | N/A | — |
Gasoline Price in Panama Today
Today a full 40-litre tank in Panama costs in the region of B/. 56.80. Priced in hours rather than money, an average earner spends 18 minutes per litre and 11.8 hours per tank.
Diesel Price in Panama
Panama prices diesel at B/. 5.754/gal, 7.0% above what petrol costs. Set beside 24 other Americas markets, where diesel averages 4.4% above petrol, the local gap is wider.
How Panama Compares Globally
Gasoline in Panama costs B/. 5.375/gal ($1.420 per litre), which is 10.9% below the global average of $1.593. Panama comes in 50th cheapest worldwide out of 133, and 13th of 24 within Americas. It sits 4.6% above what Americas typically charges. Either side of it: Colombia costs 6.8% less, Canada costs 1.4% more.
Historical Price Trend
Pump prices in Panama are up 22.2% since 3 months ago, when petrol cost $1.170 against today's $1.430. In 42 weeks of data the price has travelled between $1.170 and $1.430, topping out 12 October 2026. Diesel tracked alongside, rose 38.5%. That is a 22.2% gap between the 20 July trough and the 12 October peak. Compared with the opening week of 2026, gasoline is 16.1% higher. Domestic power fell 14.2% across the same months and now costs B/. 0.175 per kWh.
As of 2026-10-23, the retail price of gasoline in Panama is $1.420 per liter, and diesel costs $1.520 per liter. Panama’s gasoline price is 10.9% below the global average of $1.593 per liter. Electricity for EV charging costs $0.175 per kWh.
Fuel prices in Panama are shaped by global crude oil market benchmarks, government taxation or subsidy policies, local refinery margins, and distribution costs. Comparing Panama to the global average illustrates the combined effect of these factors.
Based on an average monthly wage of $850 USD, a worker in Panama needs approximately 18 minutes to afford one liter of gasoline — equivalent to 147.0% of a day's pay for a standard 40-liter fill-up.
Petrol in Americas ranges from $0.035 in Venezuela to $2.250 in Uruguay across 24 tracked markets, a 6,328.6% span.
The numbers come from government energy agencies and verified international providers, and are revised weekly. Local currency amounts (PAB / B/.) update automatically with live exchange rates.
| Commodity | Market Price | Raw Cost | Retail Here | Gov't Factor |
|---|---|---|---|---|
| 🛢 Brent Crude | $113.53 /bbl | $0.834 /L | $1.420 | +70.3% |
| 🛢 WTI Crude | $99.84 /bbl | $0.748 /L | $1.420 | +89.8% |
| 🔥 Natural Gas | $2.76 /MMBtu | $0.123 /m³ | no data | — |
| ⚡ Lithium ETF | $60.68 /share | indirect | $0.175 | — |
| ☢ Uranium ETF | $34.09 /share | indirect | $0.175 | — |
How global commodity swings translated to pump prices here
| Commodity | Commodity Δ30D | Retail Δ30D | Pass-Through |
|---|---|---|---|
| 🛢 Brent Crude | +9.7% | +2.9% |
30%
|
| 🛢 WTI Crude | +10.4% | +2.9% |
28%
|
| 🔥 Natural Gas | -8.8% | — | — |