The government had recently announced modifications to the National Development Plan (PND), including an article that could lower the Value Added Tax (VAT) on gasoline and diesel. But will Colombians have cheaper gasoline?
The Fuel Price Stabilization Fund (FEPC) deficit has been one of the main issues in recent years, as it continues to grow without a possible solution. However, this deficit could have a considerable reduction.
The National Federation of Freight Transporters (Fedetranscarga) warned that the new National Development Plan (PND) will increase gasoline prices. Here is their suggestion to deal with the issue.
Colombian authorities continue to insist on the construction of a new regasification plant in Buenaventura, although some experts have expressed their rejection of this alternative. The Mining and Energy Planning Unit (UPME) spoke about this project.
Gasoline prices have been controversial due to the lack of credibility in the ‘magic formula’ to establish them. The association Coomultiport made a complaint about a possible increase in prices in border areas.
The National Federation of Fuel and Energy Distributors (Fendipetroleo) hosted a press conference. HCC attended the event.