The Government authorized the injection of resources to the Fund for the Stabilization of Prices of Fuel Derived from Petroleum (FEPC) given the volatility of the market.
Through Ministerial Resolution No. 034-2023-MINEM/DM, the Ministry of Energy and Mines (Minem) authorized the incorporation of resources via supplementary credit in the Public Sector Budget for Fiscal Year 2023 up to the sum of S/1 million 643,870.
This monetary injection aims to finance the Fund for the Stabilization of Prices of Fuels Derived from Petroleum (FEPC). In addition, it also covers the payment of obligations in favor of producers and importers under its scope created by Emergency Decree No. 010-2004 and amendments. This financial transfer will be charged to the budget approved in the current fiscal year of Sheet 016.
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Likewise, this proposal was part of the recommendations of the Plan Impulso Perú, prepared by the Ministry of Economy and Finance (MEF), and was presented in October 2022 after the largest variation in petroleum-derived fuels as a result of the pandemic and the war between Russia and Ukraine.
It should be noted that the FEPC It was created by Emergency Decree No. 010-2004 and is an intangible fund designed to prevent the high volatility of international fuel prices from being passed on to consumers.
Source: Larepublica
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