Subsidies on fuel have been a recurring theme in Colombia for decades, with a history dating back 50 years.
In a letter addressed to President Gustavo Petro, the Intergremial Chamber of Transportation (Unidos) expressed its stance regarding the rise in prices.
In a recent statement, Finance Minister (MinHacienda) Ricardo Bonilla addressed the potential unilateral increase in diesel prices and ongoing dialogues with the transporters’ association.
The freight, passenger, and dump truck transport sector, represented by the Association Chamber of Transport (Unidos) responded to statements made by Finance Minister (MinHacienda) Ricardo Bonilla, clarifying that they have been willing to engage in dialogue for a year and a half.
Colombia has taken significant strides in the decarbonization of freight transport, as highlighted in the latest report by GiroZero, a project initiated by the University of Los Andes.
In response to a staggering 300% surge in fuel demand over the past four years in the Amazon department of Colombia, Terpel undertakes a strategic expansion of its supply capabilities in Leticia, the region’s capital.
The diesel price in Colombia is set to undergo adjustments this year, according to announcements from President Gustavo Petro’s government and further confirmation from Ecopetrol’s (NYSE: EC) President, Ricardo Roa.
In the wake of the restructuring process initiated on September 8, 2023, by CB&I UK Limited, a subsidiary of McDermott International Ltd., in the UK, RefinerÃa de Cartagena (Reficar), a subsidiary of Ecopetrol (NYSE: EC), received notification of a UK court’s decision approving CB&I’s financial restructuring plan.
Downstream companies continue their expansion and improvement plans for their service stations.
Colombia has once again underscored its global leadership in biodiesel production and consumption, reaching a historic milestone in 2023.
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