The government assured on March 1 that there is enough reserve of gasoline, diesel, and other fuels to meet national demand during the ongoing energy crisis caused by a pipeline rupture in Megantoni, Cusco.
This announcement comes as the Ministry of Energy and Mines, through its Directorate General of Hydrocarbons, confirmed that stocks of key fuels remain available while repair work continues at KP 43 and natural gas supply is restored. Ricardo Villavicencio, director of Processing, Transport and Marketing of Hydrocarbons and Biofuels at the Directorate General of Hydrocarbons, said there will be no shortage of hydrocarbons despite increased demand for petroleum products due to the emergency. He urged fuel marketers to manage prices responsibly to avoid speculation.
The Supervisory Agency for Investment in Energy and Mining (Osinergmin) is monitoring fuel supplies in Lima and Callao. Osinergmin representatives have checked major fuel terminals in Callao—including Conchán, Callao, Pampilla, Valero, and Tescom—which together have inventories sufficient for continued supply of Diesel B5 and Gasohol Regular and Premium. They also verified liquefied petroleum gas (LPG) supplies at Pluspetrol Pisco, Solgas, Zeta Gas, and Terminales del Perú plants.
To assess consumer impact from restricted fuel availability, officials from the National Institute for Defense of Competition and Protection of Intellectual Property (Indecopi) met with representatives from hydrocarbon sector associations. Topics included monitoring supply availability and ensuring clear information about any changes in service offerings. Indecopi conducted 325 inspections at gas stations nationwide between March 5-9 to check price compliance and ensure complaint books were available for users. The agency has also opened an investigation into possible anti-competitive practices such as price fixing or market allocation among competitors.
Minister of Economy and Finance Gerardo López said economic losses from the energy emergency will not be passed on to electricity bills for consumers. In a press conference he stated that although various proposals had been received—including passing extra generation costs onto users—these would not be implemented because consumers are not responsible for the crisis.
