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Tuesday, December 6, 2022

approved assistance for $475.4 million for companies

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This week, the Argentine Chamber of Liquefied Gas Companies (CEGLA) together with the Chamber of Liquefied Gas Operators and Distributors (CODIGAS) and the Argentine Chamber of Liquefied Gas Distributors (CADIGAS) mobilized in different cities of the country to demand a price increase of reference of bottled gas that puts the final value of the bottle at $2,100.

In this sense, earlier this week, a transfer of $320 million to chain companies was also approved in eleven assistances to distributors, four to fractionators and five to producers.

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The Home Program gets his financing through the trust fund to meet the LPG needs of low-income sectors and for the expansion of natural gas networks. On April 19, Energy had extended until the end of the year the “temporary economic assistance” that is granted to companies in the chain of gas in cylinders.

This assistance, aimed at companies registered in the National Registry of the Liquefied Petroleum Gas Industry and arranged in August of last year, is aimed at solve the maximum reference prices of the Program that have not been modified since June 2021, and the “variation experienced in the values ​​and associated costs in the LPG marketing chain”.

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When the destination is other than that of sale to distributors of containers of up to 45 kilos, will become a percentage instead of a fixed sum, for which the temporary economic assistance will continue to be the equivalent of 20% of the invoicing for the sale of LPG (net of taxes) that the companies invoice monthly.

Regarding the contribution, when the destination was other than that of sale to distributors in containers of up to 45 kilos, the modification establishes that “Fractionating companies may request recognition of 20% of the current maximum reference price for the sale of fractionators to distributors for each invoiced ton”.

The last modification of values was established in resolution 609 of July 29 of this year, which raised subsidies per bottle to $546 in July, $573 in August and $602 as of September.

For the producersthe Maximum price reference, for both butane and propane, was $16,667.11 per ton in July, $17,500.47 in August and $18,375.49 as of September.

For one 10 kilogram bottlethe maximum reference prices, before VAT and Gross Income, without apartments or home sales service, are from September of $343.63 for the fractionator, $603.16 for the distributor and $633.32 for the public.

In the case of 12 kilo bottleyes, the prices are $412.36, $723.79 and $759.98while for the 15 kilos are from $515.45, $904.74 and $949.98, respectively.

Source: Ambito

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