The Peruvian Liquefied Gas Society (SPGL) has issued a statement announcing a new increase in the price of gas cylinders. This increase, the fourth in the last three years, worries more than seven million homes throughout the country and more than 200,000 small and medium-sized businesses that depend on LPG for their operations.
In this context, the Supervisory Body for Investment in Energy and Mines (Osinergmin) has mentioned the existence of the Petroleum Fuel Price Stabilization Fund (FEPC) for contingency cases and to avoid abrupt price increases. In addition, it clarifies that the update in the price band responds to changes in the international market.
By how much has the price of a gas bottle increased?
The increase in the price of gas cylinders in Peru is a cause of concern for millions of families and companies in the country. With an increase of S/1.89 per 10 kg cylinder, this latest adjustment marks the fourth increase in the last three years.
For those who use gas in their kitchen every day, this increase can mean a blow to their family finances. Therefore, if you want to know the price of the gas cylinder in the different taps, you can do so through the platform I make it easy in this link.
Gas cylinder: what are the reasons for increasing the price?
The reasons behind the increase in the price of gas cylinders are linked to both national and international factors. At the national level, Steady demand for LPG for domestic, industrial and automotive use puts pressure on supply, contributing to rising prices. At the international level, the instability in the prices of crude oil and its derivatives plays a crucial role in determining the cost of LPG in the Peruvian market. Changes in the international market, along with other economic and political factors, can influence the supply and demand of gas, thus impacting its price.
What is LPG?
Liquefied Petroleum Gas (LPG) is a balanced mixture of volatile hydrocarbons, mainly propane and butane. It is stored and transported in a liquid state under pressure and is used in a variety of domestic, industrial and automotive applications. Its versatility makes it an indispensable resource for millions of people and companies around the world.
What is Osinergmin?
Osinergmin, the Supervisory Body for Investment in Energy and Mines, is a public entity in charge of regulating and supervising compliance with standards in the energy and mining sector in Peru. Its functions include ensuring safety and efficiency in the provision of electricity, natural gas and LPG services, as well as supervising mining safety and environmental oversight in the mining sector.
Its role is fundamental to guarantee the proper functioning of the energy and mining market, as well as to protect consumer rights and promote competition in the sector.
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.
