Over the past few months we have published a few articles on petrochemicals in Colombia (and a seemingly endless stream of articles in Hydrocarbons Mexico). It is clearly a significant political issue even if the economics may be questionable in some circumstances.
The Ministry of Mines and Energy (MinMinas) announced an increase in fuel prices for October this year and the entity explained the decision. Fedispetrol talked about the need to review the ‘magic formula’ to establish fuel prices.
The oil price recovery has generated high expectations in the private and public sector due to its multiple benefits. Experts talked about the behavior of oil prices and its possible benefits for Colombia.
The Ministry of Mines and Energy (MinMinas) announced an increase in fuel prices for August this year and the entity explained the decision. Politicians asked MinMinas for changes in fuel prices in producing areas.
The Colombian Association of Natural Gas (Naturgas) wrote a report comparing the prices of gasoline with natural gas prices in the main cities of the country. The price difference between these two fuels has increased recently.
The discussion about the high fuel prices and the government’s ‘magic formula’ seems to have no end. The Colombian Federation of Cargo and Logistics Transporters (Colfecar) spoke about the behavior of this metric during this year and its consequences.