Last week, the Council of Ministers approved a new set of measures to address the effects of war in Ukraine. These include the increase in electricity and gas prices, which directly impacts propane cylinders. They are now more expensive than ever. Now the question is, how long will they be able to have a fixed price?
Pedro Sanchez, President of the Government has stated that this plan will receive 9,100 million and will continue to be active until December 31st. The measures from the previous shock plan have also been extended, having been launched on April 1.
The maximum price for a butane cylinder in Spain has been kept to a minimum. According to the Official State Gazette (BOE), the price of bottled liquefied petroleum gas (LPG), has been increasing steadily since November 2020. Its current cost is 19.55 euros.
The previous maximum of 17.50 euro, which was registered in 2013 and 2014, had been exceeded at the start of the year. It has grown by more than half a million euros since then.
Its price was frozen at 19.55 Euros until the next review at the end. This is done to offset the extraordinary rise in international propane and butane prices. Their cost could not vary more than 5% between them until now.
According to CIVIO, this means that the increase that is not expected at this point due to the freezing will have to be paid later. “This means that the effects of these additional months will be more noticeable when the price for butane has been regulated in the normal way.”
The Government also approved a 50% decrease in monthly State-issued transport passes. The cost of subscriptions issued locally and by autonomous communities will be reduced up to 30%. According to the BOE, the region will have the option of applying this measure at their own discretion.
They will be able to make the technical adjustments during July and August. They may also contribute an additional 20% to the subscription, so the total discount is 50%.
