The Ministry of Mines and Energy (MinEnergia) announced that the Energy and Gas Regulation Commission (CREG) will begin to calculate and regulate gasoline prices in the country.
The Autonomous Committee on Fiscal Regulation (CARF) talked about the situation of the Fuel Price Stabilization Fund (FEPC) and gave some recommendations on fuel prices.
The ministries of Mines (MinEnergia) and Finance (MinHacienta) will announce a roadmap to define the guidelines to avoid deficits in the Fuel Price Stabilization Fund (FEPC) in the future.
A new regulation could risk bankruptcy in several service stations.
Finance Minister (MinHacienda), José Manuel Restrepo, spoke about gasoline prices and the government’s measures to mitigate inflation.
Oil prices were up again last week, Brent closing Friday at US$111.70 (according to FT.com). This is not a record or even a record for the period since Russia’s invasion of the Ukraine on February 22nd. But the 13-week Moving Average hit US$102.36 for the first time in almost 8 years and the 52-week moving average was US$81.52 for the first time since 2015, nearly seven years. These signals may mean some changes in producer and consumer behavior. But probably not yet in Colombia on the consumer side.
Propane has been critical for Colombians off the natural gas network, and this fuel continues to increase its position. Gasnova reported the consumption of this important product.
Latam Airlines CEO, Roberto Alvo, announced the company’s plans to incorporate sustainable aircraft fuel (SAF) into its operation.
Gasoline prices have become a daily topic of conversation around the world, due to their increases in recent months.
The National Biofuels Federation (FedeBiocombustibles) talked about the importance of the sector in the energy transition.
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