According to a resolution published in the Official State Gazette (BOE), the maximum retail price of butane gas cylinders will drop by 4% from today, Tuesday, November 18th, compared to the price set in the last review. This is the third time in a row that the price has dropped.
Sources from the Ministry for Ecological Transition and the Demographic Challenge say that the decline in this latest review is due to the drop in freight rates (-14.9%) and the rise in the euro against the dollar (+0.23%), even though commodity prices went up (+6.4%).
There is no deregulation for the maximum price of bottled liquefied petroleum gases (LPG) in containers that weigh between 8 and 20 kilogrammes, which is the standard butane cylinder. The Directorate General for Energy Policy and Mines checks its price every two months on the third Tuesday of the month.
This review comes out every two months and is based on the cost of raw materials (propane and butane) in international markets, the cost of shipping, and the change in the euro-dollar exchange rate.
Also, this price change can only be 5% up or down. Any extra or missing price will be added to the next revision.
Bottled LPG is a blend of hydrocarbons, mostly butane. It can be used instead of natural gas in pressurised containers, especially in towns or cities that don’t have access to the natural gas network.
Every year, 64.5 million LPG cylinders of different sizes are used. This fuel is going out of style. From 2010 to 2021, the amount of bottled LPG used went down by more than 25%.
Author: Derek Appleton
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