The Colombian government’s proposed tax reform could significantly raise trade and logistics costs, warned Javier Díaz, president of the National Association of Foreign Trade (Analdex).
Aquiles Mercado, Vice President of Finance and Administration at Promigas, raised a stark warning: Colombia’s energy transition risks becoming a cautionary tale of neglecting existing resources in pursuit of an idealized “green” future.
Ecopetrol (NYSE: EC) announced the successful reactivation of the UOP II cracking unit at its Barrancabermeja refinery, following what it described as the most significant maintenance intervention in the past 30 years at this strategic facility for Colombia’s energy security.
Colombians are set to pay more at the pump after the Ministry of Finance (MinHacienda) announced a new tax reform that will gradually increase the value-added tax (VAT) on gasoline, diesel, and biofuels.
President Gustavo Petro has once again turned his criticism toward state oil company Ecopetrol (NYSE: EC), this time alleging that 10% of the gasoline it refines ends up in the hands of criminal organizations for cocaine production.
Propane is gaining prominence in Colombia as the country grapples with declining natural gas reserves.
Propane distributors sounded the alarm over a government proposal that, they argued, could jeopardize the continuity of an essential energy service for hundreds of thousands of Colombians.
Organización Terpel closed the first half of 2025 with solid results, posting a 21.9% increase in net profit compared to the same period last year.
Colombian President Gustavo Petro reignited debate over the impact of fuel subsidies on public finances, declaring that the nation’s fiscal deficit will ultimately be paid either through higher taxes or more expensive gasoline.
The government of President Gustavo Petro may be running out of room to finance itself through Treasury Securities (TES), according to a recent report by Banco Itaú.
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