Blockades and protests in Colombia have prevented the transportation of gasoline, gas, propane and other essential services in Colombia, generating shortages in several regions. Industry associations spoke out on this issue.
The protests have a large part of the roads blocked in Valle del Cauca, generating great uncertainty and risk of fuel shortages.
Colombians have shown their discomfort at the high cost of gasoline in the country with the potential to go higher with a VAT increase from 5% to 19%. However, Colombia has one of the lowest prices in the region.
Jorge Bendeck, President of Fedebiocombustibles, spoke about the percentage of palm oil and ethanol in biofuels.
The government has already begun to give clues about what it would be willing to eliminate from the tax reform.
Propane increased in price in recent months, due to the increase in international prices of propane and butane in the US.
Because the MinEnergia research institute (UPME) thinks we need more gas imports. We thought our readers might appreciate seeing some of the UPME’s graphs that, in their professional opinion, mean that another re-gasification plant is necessary. The source for all these graphs is the UPME. All we have done is translate the labels and titles – and provide commentary.
The Ministry of Mines and Energy (MinEnergia) announced fuel prices for April 2021. Here are the details.
ACIEM talked about the project of a new regasification plant and its inappropriateness for the country.
The government is working on a new tax reform and this could have a big impact on gasoline prices.
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