Overview
- Ministry of Energy and Mines officials presented a draft supreme decree to Congress on Friday that asks the Presidency of the Council of Ministers to formally declare the national fuel commercialization market in emergency.
- The proposed decree would list diesel B5, gasolines, gasoholes and LPG (GLP) as essential goods and assign Osinergmin and Indecopi authority to monitor prices, check stocks and probe possible hoarding or speculative conduct.
- Peru has seen sharp domestic retail moves between February and May 2026 with diesel rising about 70 percent, gasoholes up to 78 percent and GLP increasing roughly 43 percent, figures the government cites to justify the intervention.
- Longstanding supply gaps heighten the risk: the country consumes about 240,000 barrels-of-oil-equivalent per day but produces only 42,000–45,000 barrels, imports exceed 100,000 barrels daily, the Talara refinery runs below capacity and GLP feedstock output fell 14 percent year-on-year in April.
- If the PCM issues the decree in the coming days, regulators could begin price audits, stock checks and sanctions that aim to protect consumers while international volatility in the Strait of Hormuz and higher maritime insurance and freight costs continue to pressure supply and transport prices.