Official State Gazette on Monday, March 20 (BOE) published new rate butane cylinderDeclining again after the last review by the Ministry of Ecological Transition and Demographic Challenge €16.79.
Last year, the Government froze the maximum price of a butane cylinder at 19.55 euros until 30 June 2023, so the price may not be higher than set by that date. This measure affects the maximum selling price of liquefied petroleum gases packaged with a cargo of less than 20 kilograms and a load equal to or greater than 8 kilograms.
How much does a butane cylinder cost now?
As of Tuesday, March 21, it will be determined as the maximum selling price. €16.79, Compared to the previous price of 17.66 euros.
About 1 euro discount on the price of butane
The cost of the butane cylinder drops again to 16.80 euros in March 2023. Although the butane market is liberal, the conventional 12.5 kilogram cylinder has a Government regulated maximum price so that increases or decreases do not exceed 5%. With this last discount, the price of the butane cylinder drops by almost one euro: 0.87 cents.
The bottle has gone up almost 5 euros in 3 years
This means that companies must sell this regulated cylinder at the stated price, even if they offer other products at prices of their own choosing. Despite the drop in prices, these are still far from approaching the 2020 levels, when the bottle cost almost five euros cheaper (12.09 euros) in September.
What does the price of a butane cylinder depend on?
The calculation of the butane cylinder price is reviewed and based on bimonthly. raw material costs in international markets, in this case propane and butane. Freight or shipping costs and the evolution of the euro-dollar exchange rate are also taken into account as stated by EFE.
On this occasion, due to the price reduction appreciation of the euro against the dollar 3.3% and a reduction in freight costs (32.9% less). However, there was a 14.8% increase in raw material prices, which was offset by the current surplus from 1.38 Euros to 0.97 Euros per bottle.