Primax Colombia, one of the country’s leading fuel distributors, announced a new strategic alliance with McDonald’s to reward Colombian consumers with fuel savings through an innovative campaign titled “El Match Perfecto.”
Engineering and consulting firm Wood has secured a contract from Colombian national oil company Ecopetrol (NYSE: EC) to deliver the detailed engineering design for significant upgrades at the Barrancabermeja refinery, the country’s oldest and largest refining facility.
Colombian President Gustavo Petro has strongly criticized the country’s longstanding gasoline subsidy.
In a significant policy shift, the government of President Gustavo Petro will raise the price of diesel fuel for all vehicles in Colombia that are not used for cargo transportation.
While Colombia grapples with uncertainty in the natural gas market, the government is offering reassurance on the availability of propane, a key energy source for millions of households.
As the 4th International Propane Summit hosted by Agremgas concluded in Barranquilla, the message from the industry was clear: Propane is ready to compete as a reliable and cost-effective energy alternative in Colombia’s shifting energy landscape. But despite optimism, serious concerns remain, chief among them, the unresolved issue of government subsidies.
On June 5 and 6, 2025, the city of Barranquilla will become the focal point for critical energy discussions as it hosts the 4th International Propane Energy Summit, organized by the Colombian Propane Association (Agremgas).
The Colombian Association of Propane Commercialization (Agremgas) raised a serious warning about the widespread informality in the distribution of propane across the country. According to the association, this growing issue not only undermines service quality but also poses major risks to user safety, particularly for low-income households that rely heavily on this energy source.
The Fuel Price Stabilization Fund (FEPC), a key instrument to buffer domestic fuel prices against international volatility, is projected to end 2025 with a deficit of CoP$3.8T, its lowest since 2020, but still a significant burden on the national budget.
A controversial shift may be occurring in Colombia’s fuel subsidy system: experts claim that gasoline users are now indirectly subsidizing diesel consumers. This claim comes amid the Petro administration’s gradual dismantling of the fuel subsidy scheme that once cushioned consumers from global price fluctuations.
2025, Hydrocarbons Colombia, All Rights Reserved.
