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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 22^nd. 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.

Gasoline prices have risen considerably around the world due to uncertainty over the conflict between Russia and Ukraine. However, Colombia has kept this metric relatively stable.

Experts talked about the biofuels’ role in the process of energy transition in Colombia.

The rebound in oil prices could generate a substantial increase in gasoline prices in Colombia.  Experts discussed this issue.

Historians recalled that the construction of this industrial plant began in 1920.