In a significant policy shift, the government of President Gustavo Petro will raise the price of diesel fuel for all vehicles in Colombia that are not used for cargo transportation.
While Colombia grapples with uncertainty in the natural gas market, the government is offering reassurance on the availability of propane, a key energy source for millions of households.
As the 4th International Propane Summit hosted by Agremgas concluded in Barranquilla, the message from the industry was clear: Propane is ready to compete as a reliable and cost-effective energy alternative in Colombia’s shifting energy landscape. But despite optimism, serious concerns remain, chief among them, the unresolved issue of government subsidies.
On June 5 and 6, 2025, the city of Barranquilla will become the focal point for critical energy discussions as it hosts the 4th International Propane Energy Summit, organized by the Colombian Propane Association (Agremgas).
The Colombian Association of Propane Commercialization (Agremgas) raised a serious warning about the widespread informality in the distribution of propane across the country. According to the association, this growing issue not only undermines service quality but also poses major risks to user safety, particularly for low-income households that rely heavily on this energy source.
The Fuel Price Stabilization Fund (FEPC), a key instrument to buffer domestic fuel prices against international volatility, is projected to end 2025 with a deficit of CoP$3.8T, its lowest since 2020, but still a significant burden on the national budget.
A controversial shift may be occurring in Colombia’s fuel subsidy system: experts claim that gasoline users are now indirectly subsidizing diesel consumers. This claim comes amid the Petro administration’s gradual dismantling of the fuel subsidy scheme that once cushioned consumers from global price fluctuations.
MinEnergia Edwin Palma says the Colombian government will write long-term gas import contracts because “Those increases in gas prices across the country must be reversed.” He is either misguided or misleading Colombians. We hope it is the former. Gas prices appear to be on the upswing and Colombians will pay a premium to eliminate the risk of gas prices going up.
Colombia’s new Finance Minister (MinHacienda), Germán Ávila, outlined a bold economic recovery plan aimed at stabilizing the country’s finances in the remaining months of President Gustavo Petro’s term.
Ecopetrol’s (NYSE: EC) Board of Directors approved funding and development for the “Quality Baseline Line” project, an initiative aimed at ensuring fuel production meets the highest quality standards, ultimately reducing pollutant emissions.
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