Sales price of butane in bottles increases by 19.5% in 3rd quarter

Average sales price to the public (PMVP) of bottled butane gas rose 19.5% year over year to EUR 2,433 per kilogram (EUR/kg) in the third quarter, while bulk propane increased 34.7% to EUR 2,308 /kg .

According to data from the Portuguese Association of Oil Companies (Apetro), released this Tuesday in the third quarter, “compared to the same quarter of the previous year, there was a price increase of 39.7 cents/kg (+19.5%) )”, for butane in bottles, from 2,036 Euros/kg (Euros per kilogram) to 2,433 Euros/kg.

Compared to the previous quarter, however, there was a decrease of 20.2 cents/kg (-7.7%).

“It is concluded that in the third quarter of 2022, the main factor for the decline in the PMVP of bottled butane compared to the previous quarter was the price decrease (-20.7 cents/kg), reflecting the increase in average costs. absorbed from Warehousing Distribution and Marketing (+4.2 cents/kg).VAT decreased by 3.8 cents/kg due to the drop in PMVP,” said Apetro.

The PMVP of bulk propane, a cylinder liquefied petroleum gas (LPG) delivery system, increased by 59.5 cents/kg (+34.7%), compared to the same quarter last year, from 1,713 euros/kg to 2,308 euros /kg.

Compared to the previous quarter, bulk propane decreased by 1.7 cents/kg (-0.7%).

It appears that the main factor “for the decline in the PMVP of bulk propane in the third quarter of 2022 was the price decrease (-3.4 cents/kg), which absorbed the increase in the average costs of storage, distribution and marketing ( +2.0 cents/kg).VAT decreased by 0.3 cents/kg due to the drop in PMVP,” said the oil companies’ association.

During the reporting period, warehousing, distribution and marketing (ADC) costs increased by 4.2 cents/kg and 2.0 cents/kg, respectively.

“These increases in ADC, which followed declines in the previous quarter, reflect the slowdown with which changes in quotes are reflected in prices, due to LPG’s long value chain, namely packaged, as well as the fact that we only publish monthly values. , by DGEG [Direção-Geral de Energia e Geologia]Apetro noted.