this is your new price
In the midst of an unprecedented rate of inflation, which in October it moderates at 7.3%, it is significant that the butane cylinder dropped almost one euro today. Specific, its price becomes 18.58 euros as of this Tuesday for the 12.5 kg bottle, compared to the 19.50 euros at which it has been in the last six months, as published yesterday by the BOE. Precisely in this sense, it should be remembered that at the end of June the Government of Spain froze its maximum cost until the end of 2022 for the butane cylinder, as a consumer protection measure to alleviate the effects of the Russian invasion in Ukraine.
The truth is that the maximum sale price of bottled liquefied petroleum gases (LPG) in containers of between 8 and 20 kg, it is not liberalized and its value is reviewed every two months on the third Tuesday of the month by resolution of the Directorate General for Energy Policy and Mines based on the cost of raw materials (propane and butane) in international markets, as well as the cost of freight (transportation) and the evolution of the type of eurodollar exchange On the other hand, said revision, either upwards or downwards, is limited to 5%accumulating the excess or defect of price for its application in subsequent revisions.
How the cost of a butane cylinder has changed since 2010
It is vitally important to know that the international war situation, today, reached its historical peak, which reached 19.50 euros this year, while its second maximum occurred between 2013 and 2014, which was set in 2014. And it is that the fluctuations have been varying during the last decade. For example, in 2008, it reached 14.10 euros, while in 2009 it fell precipitously to 10.50 euros. However, a year later, in 2010, the price of the butane cylinder increased to 11.06 euros. In any case, what is already known for sure is that it will not rise to 20 euros during the next two months. What is not yet known is what will happen from next year, coinciding with the beginning of 2023.
Bottled LPG is a mixture of hydrocarbons, mainly composed of butane, which serves as an alternative to natural gas for energy consumption in pressure containers, especially in towns or urban centers without connection to the natural gas network. Currently, 68 million LPG containers of different capacities are consumed, of which 53 million are subject to the maximum regulated price (78%). Despite everything, from 2009 to 2018 the total consumption of bottled LPG has decreased by 20%.
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