Panama Reverses October Gasoline Price Hike, Seeks Permanent Oil Price Solution

President Abelardo de la Espriella ordered the Ministry of Mines to reverse a $46 gasoline price increase scheduled for October and to develop permanent measures to mitigate the impact of rising international oil prices. The reversal is a direct response to global oil price pressures, but the sustainability of the measure remains uncertain as it does not address the underlying cost drivers.