The butane cylinder drops 5% from today, to 16.79 euros

by time news

Monday, March 20, 2023, 11:19 p.m.

The butane cylinder drops 0.87 euros (5%) from today, from 17.66 in force since last January 17 to 16.79 euros, according to the resolution published yesterday in the Official State Gazette (BOE) .

The maximum RRP of liquefied petroleum gases (LPG) in containers of 8 to 20 kilograms (the traditional butane cylinder) is reviewed bimonthly on the third Tuesday of the 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, as well as the cost of freight (transportation) and the evolution of the euro-dollar exchange rate. In addition, said price revision, upwards or downwards, is limited to 5%, accumulating the excess or defect in price for its application in subsequent revisions.

At present, some seven million homes in Spain still consume 64.5 million LPG containers of different capacities each year, although it is a fuel in decline.

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