The Ministry of Mines and Energy (MinMinas) increased fuel prices for February. As expected, representatives of different sectors reacted against this action, but others defended it. The Commercial Vendors Association (Fenalco), the Colombian Association of Petroleum Engineers (ACIPET) and the Colombian Federation of Cargo and Logistics Transporters (Colfecar) spoke on this subject.
The constant increases in gasoline prices generate much discussion and social discontent in Colombia. Prices increased substantially during the past year compared toannual inflation in percentage terms.
Uruguay remains the country with the highest prices, while Venezuela still has the lowest.
The Ministry of Mines and Energy (MinMinas) announced fuel prices for January 2018. The ministry started the year with conservative measures, as there were no substantive changes.
As expected, the new fuel prices generated controversy and claims from various sectors in the country. The Federation of Cargo Transport Companies (Fedetranscarga) spoke on this subject and the government’s “magic formula”.
The Ministry of Mines and Energy (MinMinas) recently announced the new gasoline and diesel prices in the country, generating much discontent among consumers and business users. No one agrees with the management of fuel prices in Colombia.
The propane market is facing a situation of much uncertainty at present. Representatives of the sector have shown their concern about this. Authorities and companies in the sector must take measures to avoid major problems in the short and medium term.