Price of a standard butane gas cylinder in Spain falls to its lowest in almost two years

This Tuesday, May 16, the maximum retail price of a butane gas cylinder in Spain will drop once more. As published this Monday 15 in the Official Gazette of State (BOE), the price will fall by 4.9 per cent, to €15.96.

According to the calculations provided by the Ministry for the Ecological Transition and the Demographic Challenge, for the two last months, the cost stood at €16.79 per bottle. Tuesday’s new price will be the lowest since July 2021.

This latest reduction is mainly due to a sharp drop in the price of raw materials, which fell by 25.8 per cent. To a lesser extent, the appreciation of the euro against the dollar by 0.9 per cent also played a part. Cushioned by the existing surplus, it increased by €0.97 per bottle to €1.76.

Any revision that is carried out is limited to 5 per cent both upwards and downwards, accumulating the excess or defect in the price for its application in subsequent revisions.

Its maximum price is limited to €19.55 until June 30. This maximum price was last reached in the review on September 19, as reported by 20minutos.es.

Since then it has registered a drop of 18.36 per cent, although it is still far from the scarce €12 that was paid in September 2020, when it began its climb.

Bottled liquefied petroleum gas (LPG) is a mixture of hydrocarbons, mainly composed of butane, which serves as an alternative to natural gas for energy consumption in pressure containers.

It is a popular source of energy, especially in towns or urban centres that lack a connection to the natural gas network. In Spain, 64.5 million LPG containers of different capacities are consumed annually, a figure that has fallen by more than 25 per cent since 2010.