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.
Colombia’s Minister of Finance (MinHacienda), Ricardo Bonilla, officially signed a decree to raise the price of diesel for large consumers.
Colombia’s Minister of Mines and Energy (MinEnergia), Omar Andrés Camacho, provided details about the upcoming increases in fuel prices, focusing particularly on diesel.
Colombia’s Minister of Finance (MinHacienda), Ricardo Bonilla, announced an increase in diesel prices for large consumers.
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.
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.
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).
Minister of Finance (MinHacienda), Ricardo Bonilla, addressed the issue of fuel prices in Colombia.
The Colombian government is set to provide a subsidy of CoP$453,000 to taxi drivers across the country.
The arbitration saga surrounding the Reficar case has reached its conclusion, marking a significant victory for Colombia.
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