The Ministries of Mines and Energy and Finance issued resolutions to increase the price of diesel fuel, causing widespread discontent among transportation sectors.
Alejandro Martínez, President of Gasnova, called on the Petro administration to not defunding subsidies for propane used by lower-income households.
Colombia is currently facing a jet fuel shortage due to a technical failure at the Cartagena Refinery, which supplies approximately 35% of the country’s aviation fuel demand—equivalent to 13,000bd.
Colombian Finance Minister (MinHacienda) Ricardo Bonilla denied rumors circulating in various media outlets about an impending increase in the price of diesel in August.
In the first half of 2024, fuel sales at service stations in Colombia experienced a notable decline.
In 2023, companies in the chemical and agrochemical sectors played a significant role in the economy, collectively achieving operational revenues exceeding CoP$18.6T.
The ongoing negotiations between the Colombian government and transporters over diesel price increases remain deadlocked.
The Ministers of Finance (MinHacienda) and Mines and Energy (MinEnergia) released a draft resolution to establish a procedure for determining the international parity price.
Recent adjustments in diesel prices are beginning to exert pressure on inflation rates in Colombia.
The outgoing Minister of Transportation (MinTransporte), William Camargo, introduced the possibility of implementing a gasoline surcharge to compensate for the tolls that are currently not being collected across the nation.
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