A new scandal involving Minister of Mines and Energy (MinEnergia) Irene Vélez could cost her the job.
The Fuel Price Stabilization Fund (FEPC) accumulated a debt equivalent to 2.5% of the Gross Domestic Product (GDP) in 2022. As a result, the government has initiated adjustments to the gasoline price to reduce the size of the subsidy provided.
In a recent press conference, Minister of Finance, Ricardo Bonilla, announced that the price of diesel fuel will not be adjusted during the ongoing election campaign until gasoline prices have been stabilized.
Colombia’s recent investigation into a transnational oil smuggling network has implicated 17 individuals.
A report by Corficolombiana analyzes the current state of carbon markets in Colombia and the world.
2026, Hydrocarbons Colombia, All Rights Reserved.
