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Minem denies danger of LPG shortage

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The Ministry of Energy and Mines (Minem) He pointed out that the Peruvian market will not suffer from a shortage of liquefied petroleum gas (LPG) in the coming weeks.

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Currently there are approximately 1,162,000 barrels of LPG in the Callao, Talara and Pisco plants, as well as in the ships that move this fuel from Pisco to the first port, which ensures supply for more than 18 days.

“In this sense, taking into account national production, scheduled imports and current storage, a situation of shortage of LPG in the domestic market is not expected in the short term,” they said in a statement.

“The FEPC continues to benefit the population”

In reference to Fuel Price Stabilization Fund (FEPC)recalled that through Supreme Decrees 023-2021-EM and 002-2022 provisions were issued for its proper functioning and thus mitigate the volatility of international costs in our country, although they pointed out that with this mechanism prices are not regulated, nor is the market or investment distorted, since the producing and importing companies voluntarily accept.

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“To date, this objective has been fulfilled for the benefit of citizens. In this sense, the FEPC mechanism was adapted according to the origin of the LPG (if it is produced locally or imported) and the costs that this implies”, they stressed.

Finally, they stressed that together with the Ministry of Economy and Finance (MEF) they implement measures to make possible the payment of the debts that the FEPC has been assuming with said companies.

Source: Larepublica

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