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Government addresses fuel subsidy fund deficit

In a recent address at the Andesco Congress, Colombia’s Minister of Finance and Public Credit, Ricardo Bonilla, detailed the government’s plan to settle the debt owed to Ecopetrol for the deficit in the Fuel Price Stabilization Fund (FEPC).

Wednesday, July 3rd, 2024
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Fuel prices in Latin America

Fuel prices in Latin America

The average global price of gasoline has reached US$4.94 per gallon, but prices vary significantly across Latin America due to a range of factors, primarily taxes and subsidies.

Thursday, June 27th, 2024
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Decree to increase diesel prices

Colombia’s Minister of Finance (MinHacienda), Ricardo Bonilla, officially signed a decree to raise the price of diesel for large consumers.

Thursday, June 27th, 2024
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Camacho talks diesel prices

Camacho talks diesel prices

Colombia’s Minister of Mines and Energy (MinEnergia), Omar AndrĂ©s Camacho, provided details about the upcoming increases in fuel prices, focusing particularly on diesel.

Wednesday, June 19th, 2024
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Diesel price increase for large consumers

Diesel price increase for large consumers

Colombia’s Minister of Finance (MinHacienda), Ricardo Bonilla, announced an increase in diesel prices for large consumers.

Thursday, June 13th, 2024
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A new call for the Pacific regasification plant

Mauricio Palma, the Deputy Director of Hydrocarbons at the Unit of Mining and Energy Planning (UPME), announced a that the Colombian government is determined to proceed with a new call for proposals to build the Pacific regasification plant.

 

Wednesday, June 12th, 2024
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Biodiesel from animal waste

Renewable diesel is a second-generation biofuel developed in response to the growing demand for liquid fuel and the anticipated decrease in the availability of fossil fuels, especially diesel, as the primary liquid fuel used in transportation vehicles.

Monday, May 20th, 2024
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Diesel hike?

The Colombian Government under President Petro proposes hiking diesel prices to save billions, citing fiscal commitments and deficits in the Fuel Price Stabilization Fund (FEPC).

Thursday, May 16th, 2024
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Fuel deficit and diesel prices

Minister of Finance (MinHacienda), Ricardo Bonilla, addressed the issue of fuel prices in Colombia.

Tuesday, May 14th, 2024
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Taxi driver subsidy

The Colombian government is set to provide a subsidy of CoP$453,000 to taxi drivers across the country.

Monday, May 13th, 2024
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