The fourth transitional provision of Law 34/1998 of 7 October of the hydrocarbon sector empowers the Government to establish maximum sales prices for the public of liquefied petroleum gases, as long as the conditions of competition and competition in this market are not considered sufficient.

With greater precision, Article 5.2 of the Royal Decree-Law 15/1999 of 1 October, approving measures of liberalization, structural reform and increased competition in the hydrocarbon sector, provides that the Minister of Industry and Energy, by ministerial order, with the agreement of the Delegation of the Government for Economic Affairs, will establish a system of fixing maximum prices of the liquefied gases of the oil packaged, which conditions of seasonality in the markets.

Royal Decree 1085/1992 of 11 September 1992 on the regulation of the activity of the distribution of liquefied petroleum gases regulates the wholesale and retail marketing of LPG and the like conditions of supply to final consumers.

Under these legal provisions, Order IET/463/2013 of 21 March 2013, which updates the system of automatic determination of maximum sales prices, before tax, of liquefied gas gases, is in force. Packaged oil. This order concerns packages with a load of 8 kilograms or more and less than 20 kilograms, with the exception of mixing packages for uses of liquefied petroleum gases as fuel.

The purpose of this order is to extend, until March 2015, the time limit of the maximum sales price before taxes included in the second transitional provision of Order IET/463/2013, of 21 March.

According to the 11th additional provision of Law 34/1998 of 7 October, this order has been submitted to a mandatory report of the National Commission on Markets and Competition for the preparation of which have been taken into account allegations made in the proceedings of the hearing carried out through the Hydrocarbons Advisory Board.

By agreement of 5 March 2014, the Government Delegation for Economic Affairs has authorised the Minister of Industry, Energy and Tourism to issue this order.

Under the agreement of the Government's Delegation for Economic Affairs, I have:

Single item. Amendment of Order IET/463/2013 of 21 March 2013 updating the system for the automatic determination of maximum sales prices, before tax, of liquefied petroleum gases packaged.

The second transitional provision of Order IET/463/2013 of 21 March 2013 updating the system of automatic determination of maximum sales prices, before tax, of liquefied petroleum gases is amended. Packaged that happens to have the following wording:

" Second transient disposition. Time limit of the maximum sales price before tax.

Until the revision foreseen in March 2015, the maximum non-tax price in euro/kilogram of the bimestre "b" (PSI_b) as defined in the third paragraph of this order, may not exceed 1,142025 euros/kg throughout the national territory, without prejudice to the provisions of paragraph 4 for the Autonomous Community of the Canary Islands and the cities of Ceuta and Melilla.

If, in accordance with the formula set out in the third subparagraph of that order, the maximum non-tax price in euro/kg of the bimestre "b" is greater than that amount, an additional mismatch shall be generated. be retrieved in successive price updates.

Thus, the "b-1" bimestre mismatch will have two components.

An image appears in the original. See the official and authentic PDF document.

D_b-1^A= Additional unit mismatch of the bimestre "b-1" obtained as a difference between the maximum non-tax price (PSI_b^A) and the maximum non-tax price actually applied.

An image appears in the original. See the official and authentic PDF document.

PSI_b^A = Maximum non-tax price actually applied from the bimestre "b" shall be, at most, equal to 1,142025 euro/kg until the review corresponding to the month of March 2015.

An image appears in the original. See the official and authentic PDF document.

Single end disposition. Entry into force.

This order shall enter into force on the day following that of its publication in the "Official State Gazette".

Madrid, March 6, 2014. -Minister of Industry, Energy and Tourism, José Manuel Soria López.