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The Price Of 12.5kg Butane Gas Bottles In Spain Drops By Almost 5% This Week Spain News

The price of the 12.5kg butane gas cylinders will fall to 18.58 euros from this Tuesday, November 15, and will remain at that price until January 17, 2023, according to a publication in the Official State Gazette (BOE) on Monday.

The drop in price represents a 4.96 percent reduction of the current price of gas cylinders, news that will please many as the winter months draw closer.

The maximum sale value of the traditional LPG cylinders, weighing between 8 and 20 kg, is not liberalised. Its price value is in fact reviewed by the General Directorate for Energy Policy and Mines every two months, on the third Tuesday of the month.

According to sources from the Ministry for the Ecological Transition and the Demographic Challenge, the price drop is due to the fact over the last two-month period, the price of raw materials has decreased by 10 percent, despite the fact that the cost of freight has grown by 24 percent and the dollar has continued to appreciate 2.8 percent against the euro.

The bi-monthly price review is established by the cost of propane and butane gas in the international market, as well as the cost of freight and the exchange rate between the euro and the dollar.

The price revision, however, whether upwards or downwards, is limited to 5 percent. Any excess or defect in the price is then applied to successive revisions.

Lasprovincias.es reported that currently, 68 million liquefied petroleum gas canisters (LPG) are consumed in Spain, of which 53 million are subject to the maximum regulated price of 78 percent. It is very much a fuel in decline, as consumption between 2009 and 2018 shows a drop of 20 percent.

Sources

https://www.rtve.es/noticias/20221115/baja-precio-bombona-butano-espana/2409121.shtml
https://euroweeklynews.com/2022/11/16/the-price-of-12-5kg-butane-gas-bottles-in-spain-will-drop-this-week/
https://spanishnewstoday.com/bottled_gas_prices_in_spain_fall_for_first_time_in_2_years_1892654-a.html