El Salvador analyzes propane tax for vehicles

El Salvador's Ministry of Economy will regulate the use of propane gas as fuel for vehicles, to ensure that they do not cash in on the subsidy.

Tuesday, July 8, 2008

The new Economy Minister, Ricardo Esmahá, said people who modify their vehicles to use liquid gas must pay all taxes that are charged to automobiles that consume diesel fuel or gasoline.

More on this topic

LP Gas market may be opened up in El Salvador

August 2008

The Minister of the Economy confirmed that the measure would be taken if the companies that import and distribute the product cause a shortage (of supply) in the market and affect consumers.

For their part, the members of the Salvadoran Association of Liquefied Petroleum Gas Importers and Distributors (Asogas) confirmed that there will be a shortage in the propane gas market within two or three days because of the failure on the part of the Government to pay the subsidy.

Panama: Use of Liquefied Gas Drops by 10%

April 2009

The need to incorporate a sophisticated and expensive kit in new vehicles so they can use Liquefied Gas is one of the reasons.

The price of the kit varies between $800 and $1,400 depending on the technology. It costs $800 for a four cylinder vehicle.

The price of LPG has always been lower than gasoline.

Investment in Conversion of Cars to Propane Gas

November 2013

In Guatemala Grupo Tomza has launched a plan to convert gasoline engines to use propane gas, at an average cost of $1,000.

The company recently made a presentation of the project in which it will invest $90,000.

"All investments are welcome in this country, because things like this will help family economies and contribute to the environment.

Sale of used vehicles in El Salvador drops

December 2008

The drop in growth is at around 25% so far in 2008 in comparison to sales from last year.

In order to deal with the crisis, the members of the Salvadoran Used Vehicles Importers' Association is planning and working and new group sales policies.

"We do not see another formula that we can use to deal with the crisis other than to join forces and seek new markets (before taxes) for imported vehicles in other countries, especially Honduras and Nicaragua," said the president of the Association, Alejandro Mohor.

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