A. M. The Technology, Tourism and Investment Commission issued a favorable opinion to extend until may 31, 2026 the Special and Transitory Law for the Stabilization of Liquefied Petroleum Gas Prices. This regulation will allow more than 80% of the salvadoran population to continue acquiring the gas cylinder at an accessible price.
The objective of this law, originally approved on June 13, 2023, is to mitigate the effects of volatility in the international price of hydrocarbons, which directly impact the cost of liquefied gas in the country. The extension responds to the fact that the conditions that originated the regulation persist and continue affecting the economy of salvadoran families.
Juan Francisco Grande, general director of subsidies of the Ministry of Finance, explained that the mechanism works by means of subsidy transfers channeled through the bottling companies that distribute gas in cylinders. The benefit goes directly to the consumers, allowing stabilizing the price of a 25-pound cylinder (the most used) at US$11.13, instead of the US$15.00 or US$16.00 it would cost without subsidy.
Deputy William Soriano, of Nuevas Ideas, emphasized the importance of maintaining the measure in view of the high international prices. He pointed out that this subsidy not only favors the household economy, but also stimulates the communal economies and that of the country in general, showing the Government’s commitment with the working population.
With this extension, the State reaffirms its interest in protecting the pockets of families and guaranteeing access to an essential input such as gas. The measure seeks to alleviate the economic impact and provide stability in the midst of a complex international environment.
