Gas cylinder price drops

AS published on Monday, January 16, by the Official State Gazette (BOE), the maximum price of a butane gas cylinder was reduced by €0.92. A bottle of gas should now cost €17.66.

The maximum sale price of liquefied petroleum gases (LPG) is reviewed bimonthly on the third Tuesday of each month, by resolution of the General Directorate for Energy Policy and Mines.

This revision is calculated based on the cost of raw materials (propane and butane) in international markets and also takes into account the cost of transportation and the evolution of the euro-dollar exchange rate.

As a result, the revision, either upwards or downwards, is limited to 5 per cent and the excess or defect in price accumulates, to be applied on subsequent occasions.

It was brought into force as a temporary measure to help both nations with their energy costs. The expiry date agreed upon was the end of this year and needs permission from Brussels to be extended further.

This information was reiterated during a meeting on Wednesday, January 18. According to media sources, the deadline of December 2023 was only a ‘suggestion’. Wednesday’s meeting was the first contact at the political level to address an agreement. This must now be worked out among the technical teams of Madrid and Lisbon.