This is the new price of a butane cylinder for February 2024.
If you are running low on stock and need to buy one gas cylinder You should know that in the month of February the price is higher than in previous months. Heating your home or cooking with butane will be more expensive these days. Although the price is still limited by law, since Tuesday, January 16, it has increased compared to previous months and will continue to do so in the coming weeks. So if you have to buy a cylinder In February you will pay more than in the first days of January. In the same time inflation affects Europe and prices have skyrocketedtobacco, shopping carts or gasoline and butane cylinders have maintained their prices due to the legal limit, and this will continue in 2024. This is the price set for the container if you have to purchase it during these days of January or February 2024.
He Government of Spain limited its price by Royal Decree-Law 11/2022 of June 25, limiting the maximum price of a butane cylinder from 8 to 20 kilograms to 19.55 euros. Royal Decree-Law 5/2023 Last June it was extended until December 31, 2023. In this sense, the price of a butane cylinder is 15.89 euros, which represents a new increase compared to previous months.
In the package of anti-crisis measures approved last year Council of Ministers 2023The government has limited the maximum price of a butane cylinder for the next year to 19.55 euros.
How is the price of a butane cylinder calculated?
The price of a butane cylinder is calculated based on cost of raw materials (propane and butane) on the international market. However, this is not the only thing that gets in the way. Other variables come into play, such as freight (transportation) costs and the dynamics of the Euro-Dollar exchange rate.
To the resulting figure we must add VAT (21%) and a special tax on hydrocarbons (IEH), which amounts to 1.5 euros per kilogram. The price started to rise after Russian invasion of Ukraine, so the government set a cap of 5% in the survey. Therefore, a butane cylinder cannot rise or fall more than the percentage allowed by law.
What is liquefied gas?
Packaged liquefied petroleum gas It is a mixture of hydrocarbonsmainly consists of butane, which serves as an alternative to natural gas for energy consumption in pressurized cylinders, especially in cities and urban centers. without connection to the gas network natural.
Currently annually 64.5 million containers consumedCylinders for liquefied petroleum gas of various capacities. It is a fuel in decline as overall consumption of bottled LPG has fallen by more than 25% from 2010 to 2021.