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Downstream & Pricing

Freight transport decarbonization

Colombia has taken significant strides in the decarbonization of freight transport, as highlighted in the latest report by GiroZero, a project initiated by the University of Los Andes.

Wednesday, March 13th, 2024
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Terpel expands fuel plant in the Amazon

In response to a staggering 300% surge in fuel demand over the past four years in the Amazon department of Colombia, Terpel undertakes a strategic expansion of its supply capabilities in Leticia, the region’s capital.

Wednesday, March 13th, 2024
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Diesel price outlook

The diesel price in Colombia is set to undergo adjustments this year, according to announcements from President Gustavo Petro’s government and further confirmation from Ecopetrol’s (NYSE: EC) President, Ricardo Roa.

Tuesday, March 12th, 2024
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Reficar’s debt settlement

In the wake of the restructuring process initiated on September 8, 2023, by CB&I UK Limited, a subsidiary of McDermott International Ltd., in the UK, Refinería de Cartagena (Reficar), a subsidiary of Ecopetrol (NYSE: EC), received notification of a UK court’s decision approving CB&I’s financial restructuring plan.

Monday, March 11th, 2024
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Main brans in service stations

Downstream companies continue their expansion and improvement plans for their service stations.

Thursday, March 7th, 2024
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Biodiesel sales record in 2023

Colombia has once again underscored its global leadership in biodiesel production and consumption, reaching a historic milestone in 2023.

Friday, March 1st, 2024
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Fuel prices increased

Fuel prices increased

The Ministry of Mines and Energy (MinEnergia) announced a new increase in fuel prices in the last days of February. Here are the details.

Wednesday, February 28th, 2024
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Fuel Taxes for 2024

According to the latest report by the Colombian Association of Petroleum and Gas (ACP), titled “Liquid Fuels in Colombia: Evolution 2023 and Perspectives 2024-2033,” the country will have an increase in its fuel tax collection.

Monday, February 19th, 2024
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Fuels deficit

The Colombian government’s decision not to increase diesel prices has resulted in significant fiscal costs to cover the subsidy.

Friday, February 16th, 2024
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Fuel demand in December

Fuel demand in December

Campetrol, with information of the Ministry of Mines and Energy (MinEnergia), published data on fuel demand in December 2023.

 

Thursday, February 1st, 2024
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