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Gasoline of 84 and 90 together with Gasohol of 84 enter the Price Stabilization Fund from today Tuesday

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The Ministry of Energy and Mines (Minem) explained that for three months, 84 and 90 octane gasoline and 84 octane gasohol will be in the Petroleum Derived Fuel Price Stabilization Fund (FEPC).

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This occurs – with DS Nº 002-2022-EM – as a response to the increase in international prices of oil and its derivatives, which translates into an increase in the cost that local consumers must pay.

The regulations also indicate that the price band for diesel in the FEPC is stabilized until the end of April.

It is worth mentioning that this fund has currently prevented the price of this fuel from rising by S/ 3 per gallon, thus cushioning the effect of higher international prices.

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Added to the fact that Diesel 2 and bulk Liquefied Petroleum Gas (LPG) are temporarily incorporated into said fund, because the latter is a fuel with greater demand among taxi drivers and other carriers.

The aforementioned decree also modifies the operation of LPG in the FEPC, thus the increase will not be 10%, but will be gradual, and at a level of 3.5%.

What’s more, LPG will use the Export Parity Price as a reference instead of the Import Parity Pricewhich will allow its cost to be reduced, since most of the sale of this fuel corresponds to national production.

Source: Larepublica

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