Butane Prices Creep Back Up
Four weeks ago, the controlled price of butane fell sharply - by a little under thirty dollars across the board - bringing the price for a hundred pound cylinder of Central American butane to under a hundred dollars for the first time in a very long time.
Well, it was good while it lasted, but the news tonight is that the price has started to climb back up.
Butane imported from Central America has gone up about 12%, from 97 dollars per hundred pound cylinder to 109 dollars.
Higher grade Butane from Mexico has also gone up - but not as much. That climbed from 103 to 108 dollars per hundred pound cylinder. The CEO in the Ministry of Trade says that the price change arises because the acquisition cost went up. He assured us his ministry will be as quick to react when that acquisition cost goes down.