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LPG prices in the Peruvian market will stabilize in the coming days, according to SPGL

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The Peruvian Society of Liquefied Gas (SPGL) described as positive the inclusion of Bulk LPG in the Fuel Price Stabilization Fund (FEPC) due to the increase in international prices and in LPG for Vehicles.

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The agency mentioned that the Bottling Plants still have inventories of LPG raw material at higher prices; however, to the extent that these are dispatched and consumed, products with a new price may be available, which may be placed in the marketing chain towards users.

Along these lines, the union commented that the provision will generate a stabilizing impact in industrial sectors that have an important production input in LPG, as is the case of poultry and other agro-industrial productive sectors.

In addition, that, in terms of security, it will largely cause the disappearance of the incentives for smuggling that authorized agents -with illegal practices- carried out when marketing LPG E as if it were LPG G, or vice versa, which resulted in actions of high risk, such as the filling of cylinders in unauthorized places or bulk carriers that circulated through cities without traceability.

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On the other hand, the SPGL announced that the change in the update cap of the Stabilization Fund Band, from 10% to 3.5%, will allow minor monthly variations, compared to those presented in previous months.

“Likewise, the new Band established in the aforementioned Supreme Decree will bring with it a relative decrease in retail prices (RRP)”, he said in a press release.

Source: Larepublica

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