Over one million low-income households in Colombia’s most vulnerable regions are at risk of losing their access to affordable propane. These families, primarily from socioeconomic strata 1 and 2, rely on propane subsidies to meet their energy needs.
The government released a draft decree aimed at modifying existing regulations under Decree 1073 of 2015.
Nidia Hernández, President of Colfecar, one of the largest freight transport associations in Colombia, expressed concern over the rising costs faced by the transport sector, which she claims are threatening its stability.
In response to the recent agreement between the Colombian Government and leaders of the truckers’ strike, the National Federation of Fuel and Energy Distributors (Fendipetróleo) and the Confederation of Fuel and Energy Retail Distributors (Comce) called for three conditions to prevent fuel stations from being negatively impacted by decisions made.
Colombia’s energy and natural gas companies are raising alarms over the government’s failure to allocate sufficient funds for energy and gas subsidies.
Its late September and most companies have started their planning processes for 2025. By November or December management teams will present their CAPEX budgets and performance targets for approval. For oil-focused E&Ps – and everyone else as well probably – most of the debate will be about the price of Brent.
The Colombian government, led by President Gustavo Petro, confirmed plans to introduce differential pricing for diesel fuel (ACPM).
The Ministries of Mines and Energy and Finance issued resolutions to increase the price of diesel fuel, causing widespread discontent among transportation sectors.
Alejandro Martínez, President of Gasnova, called on the Petro administration to not defunding subsidies for propane used by lower-income households.
Colombia is currently facing a jet fuel shortage due to a technical failure at the Cartagena Refinery, which supplies approximately 35% of the country’s aviation fuel demand—equivalent to 13,000bd.
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