The government had recently announced modifications to the National Development Plan (PND), including an article that could lower the Value Added Tax (VAT) on gasoline and diesel. But will Colombians have cheaper gasoline?
The Fuel Price Stabilization Fund (FEPC) deficit has been one of the main issues in recent years, as it continues to grow without a possible solution. However, this deficit could have a considerable reduction.
It has been some time since we looked at Colombia’s downstream sector so this week we update some of our charts.
The government agreed to modify the National Development Plan (PND), including an article that could lower the Value Added Tax (VAT) on gasoline and diesel. Will this impact gasoline prices?
The National Federation of Freight Transporters (Fedetranscarga) warned that the new National Development Plan (PND) will increase gasoline prices. Here is their suggestion to deal with the issue.
Colombian authorities continue to insist on the construction of a new regasification plant in Buenaventura, although some experts have expressed their rejection of this alternative. The Mining and Energy Planning Unit (UPME) spoke about this project.
Cartagena refinery (Reficar) announced its 2018 financial and operational results. The plant continues to consolidate its operations in the country, reporting excellent metrics.
Gasoline prices have been controversial due to the lack of credibility in the ‘magic formula’ to establish them. The association Coomultiport made a complaint about a possible increase in prices in border areas.
The National Federation of Fuel and Energy Distributors (Fendipetroleo) hosted a press conference. HCC attended the event.
The Ministry of Mines and Energy (MinMinas) asked for the support of the Ecuadorian government to mitigate the gasoline shortage Colombia is facing.
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