Just yesterday the supplementary credit had been approved by the MEF to carry out the transfer in favor of the main fuel suppliers in the market, including Petroperú and Repsol.
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The Ministry of Energy and Mines (Minem) authorized the transfer of S/468 million for the Fuel Price Stabilization Fund (FEPC).
Through ministerial resolution No. 515-2023-MINEM/DM, the transfer in favor of the Citibank bank is established for the subsequent payment of public and private companies which currently make up the FEPC mechanism. The main ones are Petroperú and Repsol.
Previously, by ministerial resolution No. 514-2023-MINEM/DM, the disaggregation of resources of up to S/468 million was approved, as part of Supreme Decree 295-2023-EF, approved just yesterday, Thursday the 21st, which authorizes the Supplementary Credit in the Public Sector Budget for Fiscal Year 2023.
The FEPC was created in 2004 to prevent the high volatility of international oil prices from being passed on to prices for Peruvian consumers.
Recently, the Peruvian Government determined the inclusion of LPG for packaging (GLP-E, kitchen ball) in the FEPC until December 28.
Written and digital press journalist, graduated from the Federico Villarreal National University (UNFV). Currently, in La República, where he writes about economics, with emphasis on hydrocarbons, mining and social conflict.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
