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Diesel price and inflation

Recent adjustments in diesel prices are beginning to exert pressure on inflation rates in Colombia.

Monday, July 15th, 2024
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Gasoline surcharge?

The outgoing Minister of Transportation (MinTransporte), William Camargo, introduced the possibility of implementing a gasoline surcharge to compensate for the tolls that are currently not being collected across the nation.

Tuesday, July 9th, 2024
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Putting a price on next year’s business plan

Putting a price on next year’s business plan

Half of 2024 is now over. In most companies, while work continues on executing the 2024 plan, attention turns to planning 2025, setting budgets and targets. The critical external variable is the price of oil. We collect and analyse statistics on Brent which we offer here with commentary to help with the process.

Monday, July 8th, 2024
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Diesel price talks

Alfonso Medrano, President of the Intergremial Chamber of Cargo Transporters, confirmed that discussions regarding a potential increase in diesel tariffs will resume.

Friday, July 5th, 2024
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Government addresses fuel subsidy fund deficit

In a recent address at the Andesco Congress, Colombia’s Minister of Finance and Public Credit, Ricardo Bonilla, detailed the government’s plan to settle the debt owed to Ecopetrol for the deficit in the Fuel Price Stabilization Fund (FEPC).

Wednesday, July 3rd, 2024
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Fuel prices in Latin America

Fuel prices in Latin America

The average global price of gasoline has reached US$4.94 per gallon, but prices vary significantly across Latin America due to a range of factors, primarily taxes and subsidies.

Thursday, June 27th, 2024
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Decree to increase diesel prices

Colombia’s Minister of Finance (MinHacienda), Ricardo Bonilla, officially signed a decree to raise the price of diesel for large consumers.

Thursday, June 27th, 2024
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Camacho talks diesel prices

Camacho talks diesel prices

Colombia’s Minister of Mines and Energy (MinEnergia), Omar Andrés Camacho, provided details about the upcoming increases in fuel prices, focusing particularly on diesel.

Wednesday, June 19th, 2024
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Diesel price increase for large consumers

Diesel price increase for large consumers

Colombia’s Minister of Finance (MinHacienda), Ricardo Bonilla, announced an increase in diesel prices for large consumers.

Thursday, June 13th, 2024
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A new call for the Pacific regasification plant

Mauricio Palma, the Deputy Director of Hydrocarbons at the Unit of Mining and Energy Planning (UPME), announced a that the Colombian government is determined to proceed with a new call for proposals to build the Pacific regasification plant.

 

Wednesday, June 12th, 2024
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