Hydrocarbons

Two congressional commissions have established a working group with transport-sector representatives and government agencies to analyze the impact of fuel-price increases and seek measures to ease the burden on Hondurans.

Honduras's mining and hydrocarbon commission met with fuel importers to discuss pending legislation on hydrocarbon regulation and biofuels, as well as a proposed price-stabilization fund for diesel and gasoline; the government has spent about 1.2 billion lempiras (roughly $48 million) subsidizing fuel increases since February.

Honduras's Energy Ministry lowered prices for gasoline, kerosene, diesel, and vehicle liquefied petroleum gas effective June 23, while maintaining a temporary subsidy on domestic cooking gas to protect household budgets amid volatile global crude markets.

CaribX (UK) Limited, a British company with no prior oil experience, holds 55% of a hydrocarbon-exploration concession in Honduras's Moskitia as the non-operator alongside Bermuda-based H2P as the 45% operator, yet six years of exploration results remain undisclosed to the public.