Article 94 of Law 34/1998, of 7 October, of the hydrocarbon sector, establishes that the Minister of Industry, Energy and Tourism will be able to dictate the following agreement of the Government's Delegation for Economic Affairs. provisions necessary for the establishment of the tariffs for the sale of liquefied petroleum gases by pipeline for final consumers, as well as the prices of natural gas and liquefied petroleum gas disposal for the Distributors of combustible gases by pipeline, establishing the specific values of such rates and prices or a system of automatic determination and updating of the same.

On the other hand, article 12.1 of Law 24/2005, of 18 November, of Reforms for the Impulment of Productivity, establishes that through ministerial order, prior agreement of the Government Delegation for Affairs Economic, the necessary provisions will be made for the establishment of the rates of sale of natural gas, manufactured gases and liquefied petroleum gases by pipeline for final consumers, as well as the prices of cession of gas natural gas and liquefied petroleum gases for the fuel gas distributors by channelling, establishing the specific values of those tariffs and prices or a system of automatic determination and updating of those tariffs and prices. The sales rates to users will be unique for the entire national territory, without prejudice to their specialties.

Already previously, the Order of the Ministry of Industry and Energy of 16 July 1998 updating the marketing costs of the system for the automatic determination of maximum sales prices, before tax, of the liquefied petroleum gases, and certain supplies are released, had established the system of automatic determination of the maximum prices applicable to the supplies of the liquefied petroleum gases, and in particular to the supply by channeling.

The eighth paragraph of that Order of the Ministry of Industry and Energy of 16 July 1998 provides that the Directorate-General for Energy Policy and Mines shall carry out the calculations for the implementation of the established system and dictate the relevant resolutions for determining the maximum prices to be published in the "Official State Gazette" and shall enter into force on the third Tuesday of each month.

Finally, the first paragraph of ITC/3292/2008, which amends the system for the automatic determination of sales tariffs, before taxes, of liquefied petroleum gases by pipeline, which has been amended partially the Order of the Ministry of Industry and Energy of 16 July 1998, provides that the marketing costs will be reviewed annually in the month of July of each year, as was done in the Resolution of 5 July 2011.

In accordance with the above and in the use of the competition attributed to you in the eighth paragraph of the aforementioned Order of the Ministry of Industry and Energy of 16 July 1998, this Directorate General for Energy Policy and Mines, resolves:

First.

From the zero hours of May 15, 2012, the pre-tax sales prices, applicable to liquefied petroleum gas supplies according to the supply mode, will be as follows:

1. Liquefied petroleum gases by channeling to end users:

-Fixed term: 1.55 euros/month.

-Variable term: 103,1000 cents/kg.

2. Liquefied petroleum gases (LPG) in bulk to LPG distribution companies by pipeline: 88,7334 cents/kg.

Second.

The prices set in the First section do not include the following current taxes:

-Peninsula and Balearic Islands: Tax on Hydrocarbons and Value Added Tax.

-Canary Islands: Special Tax of the Autonomous Community of the Canary Islands on petroleum fuels and General Indirect Tax.

-Cities of Ceuta and Melilla: Tax on production, services, imports and the supplementary levy on fuels and petroleum fuels.

Third.

Prices for oil liquefied petroleum gas supplies indicated in this resolution shall apply to supplies pending execution on the day of its entry into force, even if the corresponding orders have previous date. For these purposes, it is understood by pending supplies of execution, those that have not yet been completed or are in the process of being carried out at zero hours of the day of entry into force of this resolution.

Fourth.

The invoices for the consumption of liquefied petroleum gas by pipeline measured by counter, relating to the period including the date of entry into force of this resolution, or in its the case of other previous or subsequent orders or orders relating to the same billing period shall be calculated by apportioning the total consumption corresponding to the period invoiced to the preceding and subsequent days for each of the preceding or subsequent those dates, applying to the consumption resulting from the distribution the prices which correspond to the various applicable resolutions or orders.

Fifth.

The companies distributing liquefied petroleum gases by channeling, will take the necessary measures to determine the periodic consumption made by each of their customers, in order to proceed to the correct the application of the prices of liquefied petroleum gas per pipeline referred to in this resolution.

Sixth.

Against this resolution, and in accordance with the provisions of Articles 107 et seq. of Law 30/1992 of 26 November 1992, of the Legal Regime of Public Administrations and of the Common Administrative Procedure, and in Article 14.7 of Law 6/1997, of 14 April, of the Organization and the Functioning of the General Administration of the State, may be brought before the Secretary of State of Energy within one month of the day following the day of the of its publication.

Madrid, May 8, 2012. -Director General of Energy Policy and Mines, Jaime Suarez Perez-Lucas.