Government acts on spiralling prices of gas bottles

New ‘maximum price ceilings’ come into force today

Maximum selling prices for bottled liquefied petroleum gas (LPG come into force today, bringing a saving of almost €3.20 per 13-kg container of butane.

On Friday, the government returned to approving a maximum prices for bottled gas (as it did during the Covid pandemic) deciding that a 13-kg bottle of butane cannot be more expensive than €29.47, while 12.5-kg bottles can cost no more than €28.34.

In the case of T3 propane, maximum prices range from €29.11 per 11-kg bottle to €23.81 per 9-kg bottle.

Bottles of T5 propane, in turn, can cost no more than €109.08 (45 kg) or €84.84 (35 kg).

According to data sent to Lusa by the Ministry of Environment and Climate Action, these maximums – compared with prices reported in early August – represent a saving of €3.18 per bottle in the case of 13-kg bottles of T3 propane.

In the case of the 11-kg bottle, the saving is €3.258, while for a bottle of T5 propane containing 45-kg the saving is €6.206.

The Ministry of the Environment on Friday recalled that the existing law 69-A/2021 makes it possible to set maximum margins for simple fuels and for bottled liquefied LPG.

“The Portuguese government believes that it is justified to implement the rules on setting maximum margins and the respective retail price of bottled LPG for a limited period of time (until 31 October 2022),” said the ministry in a statement.

In the diploma published in State gazette Diário da República, the government said that monthly variations will be calculated and published on the website of energy regulator ERSE, and that only “costs with delivery service” can be added to maximum prices, when bottles are purchased by telephone or electronically and made available at a location other than the point of sale.

Gas stations and other points of sale of LPG cylinders must “ensure the continuous supply” of bottles, “particularly of the types subject to the fixed price” – said the order signed by the secretaries of state for the economy João Neves, and fthe environment and energy, João Galamba.

Source: LUSA