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Downstream & Pricing

Diesel price hike possibility

In a recent statement, Finance Minister (MinHacienda) Ricardo Bonilla addressed the potential unilateral increase in diesel prices and ongoing dialogues with the transporters’ association.

Tuesday, March 19th, 2024
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Changes to diesel price?

The freight, passenger, and dump truck transport sector, represented by the Association Chamber of Transport (Unidos) responded to statements made by Finance Minister (MinHacienda) Ricardo Bonilla, clarifying that they have been willing to engage in dialogue for a year and a half.

Tuesday, March 19th, 2024
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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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