The cost of a gallon of gasoline in Honduras increased Tuesday by Lps 0.43 to Lps 0.47. The average price of a gallon of high-test gasoline in Honduras went up to Lps 73.21, while regular rose to Lps 68.20. Diesel fuel increased by Lps 0.48, to Lps 59.35. The price of kerosene was up by Lps 0.49, to Lps 48.48. 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 2009 shortly after Mr. Zelaya was ousted as president. Crude oil prices closed Monday on world markets at US$86.62 per barrel. (4/6/10)
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