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The Finance Committee of the Legislative Assembly issued a favorable opinion to extend the Ley Especial y Transitoria para la Estabilización de los Precios del Gas Licuado de Petróleo (GLP). Until may 31, 2027, the proposal will be discussed and voted on in a plenary session, where the deputies will decide whether or not to approve the extension of the benefit.
The measure seeks to maintain the subsidy that currently allows 80% of the population to purchase gas cylinders at affordable prices, reducing the impact of international fluctuations in hydrocarbon prices.
The legislation was first approved in june 2023 and subsequently extended in 2024. Since then, the Legislative Assembly has extended its validity annually to maintain the economic support for salvadoran families.
Currently, the law expires on may 31, 2026. However, if the new extension is approved in the plenary session, the benefit will remain in effect from June 1 of this year until may 31, 2027.
The subsidy is provided through the companies responsible for bottling liquefied petroleum gas (LPG) in portable cylinders and aims to stabilize the maximum retail price for consumers.
During the analysis of the proposal, the Director General of Subsidies at the Ministry of Finance, Francisco Grande, explained that the continuation of the measure would allow the maximum prices for the different LPG cylinders to remain unchanged.
He specified that the 10-pound cylinder would maintain a price of US$4.61; the 20-pound cylinder would cost US$8.98; the 25-pound cylinder would have a value of US$11.13; while the 35-pound cylinder would remain at US$15.50.
The official noted that this support represents significant relief for the population, especially since liquefied petroleum gas (LPG) is used in homes, small businesses, and food preparation establishments.
He also indicated that technical assessments conducted by the government determined that external and economic factors continue to affect international hydrocarbon prices and, consequently, the cost of LPG.
The provisions also stipulate that the Ministry of Finance may issue the necessary measures to ensure the proper implementation of the extension and the effectiveness of actions aimed at stabilizing LPG prices in the country.
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