Tag: FEPC

Government paid Ecopetrol more than $8 billion in fuel subsidies

Government paid Ecopetrol more than $8 billion in fuel subsidies

Ecopetrol confirmed that through Resolution 1612 of June 29, 2023, the Treasury Department recognized the amount of approximately $8.37 billion for the settled Fuel Price Stabilization Fund (Fepc) obligations in favor of the company Colombian. According to Ecopetrol, these obligations correspond to the second quarter of 2022. This transaction was recorded in accordance with what […]

Petro pushes controversial theory on how to reduce gas mileage

Petro pushes controversial theory on how to reduce gas mileage

From Germany, the president of Colombia, Gustavo Petro, pushed his theory about the need to reduce the current gasoline consumption in the country. The president had previously made this request to the public with the aim of making the country’s economy much better. “The story is set up that we are a major oil exporter, […]

Government studies implementing differential price of gasoline

Government studies implementing differential price of gasoline

The Minister of Mines and Energy, Irene Vélez, announced that the government is analyzing the possibility of applying differential fuel prices for small consumers. In statements to the national media in Portugal, he assured that it has been established that there are large consumers who benefit from the subsidies provided through the Fuel Price Stabilization […]

Gasoline rise will have a serious impact on inflation: experts

Gasoline rise will have a serious impact on inflation: experts

Henry Amorocho, professor of public finance at the Rosario University, He pointed out that this measure will help inflation to remain at a high level as such an important sector as transportation will raise rates due to the constant increase in regular gasoline. “The price of gasoline is a multiplier of the price increase, since […]

Gasoline prices are rising for the seventh consecutive month

Gasoline prices are rising for the seventh consecutive month

The increase in the price of regular gasoline aims to reduce the tax impact of the Fuel Price Stabilization Fund (FEPC) on the national government due to the dynamics of the international prices of refined products, which have risen due to international factors such as the price of oil and the level of global risk […]

Increase in gasoline is another blow to the wallet, say users

Increase in gasoline is another blow to the wallet, say users

Vehicle and motorcycle users in Barranquilla expressed their displeasure with the new $250 increase in the price of a gallon of regular gasoline for February, keeping it at $10,449 on average for this city. They confirmed that the increase does not fit well with the current inflation scenario with increases in the prices of products […]

This Saturday Gallon of Regular Gasoline Raises $200

This Saturday Gallon of Regular Gasoline Raises $200

The price of a gallon of regular gasoline in Colombia will increase by $200 from Saturday, Oct. 1, as announced by the national government. Diesel, for its part, will not register a price adjustment. This is the first of three increases in fuel for the rest of this year, averaging $200 a month. The reference […]

Petrol increase will push inflation to 11.5% this year

Petrol increase will push inflation to 11.5% this year

With the increase announced by the national government in the price of the gallon of petrol current $200 per month Between October and December of this year, inflation is expected to average 11.5% in 2022. This is evident from the forecasts of economic analysts who calculate that for every 9% that gasoline increases, inflation rises […]

$6.9 Billion Released to Pay Extraordinary Dividend in Ecopetrol

$6.9 Billion Released to Pay Extraordinary Dividend in Ecopetrol

At Ecopetrol’s Extraordinary General Meeting of Shareholders held Friday, it was approved to release part of the company’s occasional reserve for COP 6.9 billion to pay it as an extraordinary dividend. In this way, shareholders will receive $168 per share for the aforementioned extraordinary dividend, which will be added to the $280 that was approved […]

Impact on inflation due to the increase of gasoline will be gradual

Impact on inflation due to the increase of gasoline will be gradual

After the decision of the national government to increase the gasoline price and the ACPM gradually this increase is expected to lead directly to inflation in the country. “Gasoline is a direct trigger for inflation because everything has to be transported, so when the fuels start to go up, freight rates will definitely start to […]

\