Faced with the increase in international prices of oil and oil products, on Tuesday, the Ministry of Energy and Mines (Minem) announced the implementation of some measures to address the included some of them in the Petroleum Fuel Price Stabilization Fund ( FEPC). Meanwhile, the Supervisory Agency for Investment in Energy and Mining (Osinergmin), set the price bands for Diesel 2 for vehicle use, Liquefied Petroleum Gas intended for packaging (LPG), Liquefied Petroleum Gas intended for bulk use (LPG). The measure also reached 84-octane Gasohol, 84- and 90-octane Gasolines, and established trade margins.
This was established through the Resolution of the Tariff Regulation Management of Osinergmin No. 010-2022-OS/GRT, published on Tuesday in the extraordinary edition of the Bulletin of Legal Standards of the official newspaper El Peruano.
It should be noted that this stabilization fund has prevented the price of that fuel from rising in the local market by S/3 per gallon, cushioning the effect of higher international prices generated after the start of Russia's invasion of Ukraine and other factors.
UNTIL APRIL 28TH
In accordance with the Single Transitional Complementary Provision of Supreme Decree No. 002-2022-EM, the Target Price Band and Commercial Margin of Diesel BX intended for vehicle use set by Osinergmin through Resolution No. 007-2022-GRT, will be in force until Thursday, April 28, 2022.
The second article sets the Price Bands for Diesel 2 intended for vehicle use, Liquefied Petroleum Gas intended for packaging (LPG), Liquefied Petroleum Gas intended for bulk (GLP-G), 84-octane Gasohol, and 84 and 90-octane Gasolines, as follows:
Product/Upper Limit/Lower Limit
Die 2 /11,54/11,44
GLP-E / 3,02 / 2,96
GLP-G / 3,02 / 2,96
Gasohol 84 /11,50/11,40
Petrol 84 /11.54/11.44
Petrol 90/12.25/12.15
The standard states that according to article 1.2 of Supreme Decree No. 002-2022-EM, the Diesel 2 band will only be applicable to Diesel 2 intended for vehicle use. Also, for the case of Diesel 2, the band applies to both high and low sulphur content.
In Article 3, the standard sets as trade margins the values presented in the following table:
The price bands and trade margins approved in this standard will be in effect from Tuesday, March 29, 2022 until Thursday, April 28, 2022.
The standard bears the rubric of the Osinergmin Tariff Regulation Manager, Luis Grajeda Puelles.
PEDRO CASTILLO
After the announcement of measures to address the increase in international prices of oil and its derivatives, the president of the republic, Pedro Castillo, released a statement in his social networks where he states that this action “will mitigate the impact of the rise in the international price of oil and on fuels used by lower-income sectors”.
“In addition, it will be complemented by a temporary increase in the FISE discount voucher from S/20 to S/25 per gas balloon, benefiting nearly 800,000 low-income families nationwide, which will also be extended to common pots,” he said.
INCREASE DISCOUNT VOUCHER
It should be noted that on March 24, the Government increased the value of the Social Energy Inclusion Fund (FISE) discount voucher from 20 to 25 soles to buy the Liquefied Petroleum Gas (LPG) ball intended for domestic use in the most needy sectors, said Economy and Finance Minister Oscar Graham.
He said that the international price of oil has been volatile in recent months, after starting this year with a value of $80 per barrel and rising to $130. Then it went down and up again and is already at $110, he added.
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