Inclusion of bottled LPG in fuel fund extended till end of October | Ministry of Energy and Mines | Peru

By Supreme Decree N° 015-2023-EM, The Ministry of Energy and Mines (MINEM) Establishes the permanence of Bottled LPG (GLE-E) In the list of affected products Fuel Price Stabilization Fund (FEPC) till October 26, 2023.

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The move responds to national and international challenges that have affected spending GLP, Minem pointed out. In particular, restrictions on conventional sea transport for imports through the Panama Canal have increased, impacting the prices of such goods. GLP.

Also, uncertainty about LPG price stability Influenced by global climate factors like An El Nino or La Nina event.

Initially, temporary admission GLP-E It contains FEPC Supreme Order No. Established through August 31, 2023 by 023-2021-EM. However, considering the national and international circumstances, Minem considers it necessary to extend this measure to mitigate the volatility in oil prices. GLP-E, It gives its basic share in the home appliance market.

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It is important to remember that according to the Organic Hydrocarbon Act, fuel prices are set independently based on supply and demand.

However, the mine mentions that It is working on establishing information mechanisms to promote transparency in pricing, which will benefit end consumers in making informed decisions, particularly in relation to domestic use of LPG for cooking.