Saturday, January 24, 2009

Price of Propane Drops

Guatemalan housewives and consumers should get some relief on the price of propane due to the drop in international fuel prices. According to a press release from the Ministry of Energy and Mines a 25 pound cylinder of gas has dropped from Q99 to Q90. A 35 pound cylinder has dropped to Q126, and a 100 pounder has dropped from Q396 to Q360.

There are about 10,000 distributors of propane in Guatemala and they adjusted their prices this week. Guatemalans consume about 11 million gallons of propane (LPG) per month.

Although the trend in propane gas prices is downward it's impossible to know what might happen in the future but local stockpiles of propane should ensure that prices remain low until at least March.

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