The cost of gasoline is taking its toll on households, impacting the purchasing power of Colombians. In response to the growing impact on consumers, a proposed bill was submitted to the House of Representatives aiming to eliminate national taxes and VAT on gasoline.
A new legislative proposal has been submitted to the House of Representatives, aiming to eradicate the taxes imposed on gasoline and diesel in Colombia.
In Colombia, the escalating price of gasoline has emerged as a critical point of contention in discussions concerning the future trajectory of President Petro’s macroeconomic policies.
Amid revelations that the President of Ecopetrol Ricardo Roa aims to modify the company’s statutes to gain access to the board of directors, there has been a growing discussion within the Colombian Congress.
The government is set to engage in discussions with cargo and passenger transport unions concerning the diesel price adjustment.
The Ministry of Mines and Energy (MinEnergia) raised the ceiling price for subsidies provided through public utility companies to over 200,000 lower-income households in strata 1 and 2 of the rural sector and ethnically diverse populations.
The Ministry of Mines and Energy (MinEnergia) announced fuel prices for November 2023. Here are the details.
The Minister of Finance (MinHacienda), Ricardo Bonilla, talked about the resources collected in the 2022 tax reform to cover the Fuel Prices Stability Fund (FEPC) deficit.
The Colombian government, led by President Petro, has launched discussions on the price of diesel in the country.
Subsidizing fuel prices in the country creates a fiscal gap in public finances each year. To address this deficit, the Regional Center for Energy Studies (CREE) made a proposal.
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