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.
After a year of continuous increases, the government had initially decided to suspend the rise for this month, but MinHacienda did not agree with MinEnergia. Their representatives talked about this important issue.
The recent surge in gasoline prices in Colombia has sparked significant concern among citizens and various economic sectors.
The Federation of Cargo Transport Entrepreneurs (Fedetranscarga) raised concerns over the potential increase in the price of diesel.
As the aviation industry strives for carbon neutrality by 2050, Sustainable Aviation Fuel (SAF) has emerged as a potential game-changer to propel airlines and manufacturers towards this goal.
Time was when we could count on a negative correlation between oil prices and the Colombian peso that provided countercyclical relief. Not anymore.
As Colombia braces itself for the upcoming El Niño phenomenon set to hit in November, Liquefied Natural Gas (LNG) emerges as a crucial fuel for the electric sector to prevent potential power shortages.
Despite the decision to freeze fuel prices for the month of October, the Colombian government under President Petro has stated that gasoline prices in the country will continue to rise.
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