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Colombia emerges as a significant biofuels producer in Latin America, positioning itself as a key player in crafting solutions for the decarbonization of transportation, as highlighted by FedeBiocombustibles.

The recent discourse surrounding gas exploration in Colombia has sparked debates, particularly after President Gustavo Petro mentioned the suspension of new gas exploration projects during his speech at the Climate Change Summit in Dubai (COP28). This decision stands in contrast to recent announcements and plans within the energy sector.

During the Ministry of Mines and Energy’s public accountability hearing, Orlando Velandia Sepúlveda, the President of the National Hydrocarbons Agency (ANH), addressed the issue of using the existing 300 contracts efficiently across more than 15 million hectares.

According to Sergio Cabrales, an expert in Colombia’s mining and energy sector, consumers in the country might be overpaying for each gallon of regular gasoline due to recent dynamics in the international market.

The Federation of Cargo Transport Entrepreneurs (Fedetranscarga) opposed the government’s proposition to increase the diesel for major consumers.

The Ministry of Finance (MinHacienda), in collaboration with the Ministry of Mines and Energy (MinEnergia), has a draft decree aimed at hiking the diesel price but only for big companies.

At the fourth technical meeting with the government, the Intra-association Transport Chamber – UNIDOS (representing cargo, passenger, and dump truck transporters) presented its proposal for determining the price of diesel in Colombia.

The provisional passage of vehicles on the Cusiana road, Los Grillos sector, between Sogamoso (Boyacá) and Aguazul (Casanare), will be enabled in the third week of December, announced the director of the National Institute of Roads (Invías), Mercedes Elena Gómez Villamarín.

The cost of gasoline is taking its toll on households, impacting the purchasing power of Colombians. In response to the growing impact on consumers, a proposed bill was submitted to the House of Representatives aiming to eliminate national taxes and VAT on gasoline.

A new legislative proposal has been submitted to the House of Representatives, aiming to eradicate the taxes imposed on gasoline and diesel in Colombia.