I was at a conference this week (not virtual!) and, inevitably, all the meals were served buffet-style (which we used to call smorgasbord – but have not seen that word much lately). Inspired by this, my commentary will be a little bit of one thing and some of another: Petro, oil prices, President Duque’s legacy and whatever else inspires – or maybe less. Inevitably as well at a buffet, one’s ambitions exceed one’s capacity.
The Ministry of Finance (MinHacienda) announced increases in gasoline prices starting in June. Sector associations spoke out about this strategy and its possible effects.
The government announced that it will start gradually raise the fuel prices.
The propane discount announced by Ecopetrol (NYSE: EC) could be extended.
Colombian authorities have kept gasoline prices stable in recent months to avoid a greater impact on inflation.
María Lara, Director of Corporate Affairs and Sustainability at airline Latam Colombia, spoke about the group’s goal of incorporating Sustainable Aviation Fuel (SAF) throughout its operation.
The Ministry of Mines and Energy (MinEnergia) published two projects to guarantee the supply of fuel.
Juan Pablo Ruiz is my favorite Colombian environmentalist because he is completely rational, completely pragmatic without losing one bit of his passion and commitment. Recently, he wrote a pair of columns directed at Colombia’s future president that touched on the strategy of reducing demand or supply of fossil fuels. I might have written them or at least something like them.
The Ministry of Finance (MinHacienda), the government and Ecopetrol (NYSE: EC) defined a scheme to cover the deficit of the Fuel Price Stabilization Fund (FEPC) as of March 2022.
Colombia is making progress in improving the quality of its fuels, approaching the premium standard and international vehicle brands recognize this process.
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