The first of the assistances, for a total of $296,721,719.20, corresponds to the period between August and December 2021, in which 20% of the invoicing is recognized for the sale of LPG (net of taxes) that the companies have billed monthly for the product destined for the Home Program, consisting of a monthly direct subsidy for low-income households and public welfare entities without access to the natural gas network.
Currently, the benefit consists of a monthly amount of $414, which covers part of the price of the 10-kilo bottle, is deposited through the National Social Security Administration (ANSES) and varies according to the size of the family group, the area of residence and the time of year.
According to information from the Ministry of Energy, the price of a 10-kilo bottle varies, depending on the geographical area, from $466.68 in Tierra del Fuego to $526.43 in Misiones and San Juan.
In the recitals of the resolution, it was indicated that the assistance to the companies was taken “taking into account the variation experienced in the values and associated costs in the LPG marketing chain”, which forced the implementation of a “transitional mechanism” to ” mitigate the impact of the economic costs of the activity in the different stages, so that the provision of the service is carried out with the proper conditions of quality and safety”.
The Home Program was created by Decree 470 of March 30, 2015 and its financing was established through the Trust Fund to meet the LPG needs of low-income sectors and for the expansion of natural gas networks, which had been established ten years earlier with Law 26,020.
Refering to Resolution 140/2022the $800 million start from the recognition of 25% of the invoicing of the purchase of natural gas from zonal distributors (net of taxes) paid monthly by the 61 beneficiary distributors between December 2021 and July 2022.
In the considerations of the measure, it was pointed out that on November 24 of last year the Institute of Gas Subdistributors of the Argentine Republic (ISGA) presented a note to the Undersecretary of Hydrocarbons, in which it requested to extend the transitory financial assistance for ” face the growing costs and guarantee the continuity of the normal provision of the public service of gas distribution”.
The Ministry of Energy considered it “convenient” to continue with the assistance, given the current situation “particularly impacted by the health emergency generated by the Covid-19 pandemic.”
Source: Ambito
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