The Ministry of Energy and Mines (Minem) extended the validity of the incorporation of lower octane gasoline and bulk LPG in the Fuel Price Stabilization Fund (FEPC), in order to mitigate price volatility in the Peruvian market.
Through Supreme Decree 011-2022-EM, published this Sunday in the official newspaper El Peruano, it was decided to expand the inclusion of 84 and 90 octane gasolineto the 84 octane gasohol and to Petroleum liquid gas intended for bulk (LPG-G) as products subject to the Petroleum Derived Fuel Price Stabilization Fund (FEPC) until December 31, 2022.
These fuels were incorporated into the FEPC in March 2022 for a period of three months and the standard was extended for three more months last June, so it was to expire on September 30.
Numeral 2.2 of article 2 of DS 025-2021 is also modified, referring to the technical conditions for the inclusion of BX diesel for vehicular use in said fund, and it is provided that the update of the target price band for this fuel is carried out on the last Thursday of each month, as long as the PPI (Import Parity Price) is above the upper limit or below the lower limit of the band.
The decree establishes that said update is equivalent to 5% of the variation in the final consumer price of this product and in no case should it exceed said variation. It comes into force as of Monday, September 19, 2022.
