Tag: price formula

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 […]

Ministry of Finance announces revision of the formula to calculate the price of gasoline

Ministry of Finance announces revision of the formula to calculate the price of gasoline

Also, he added, the gasoline rate has local and state taxes, which make up more than 40% of the final price. “We will have to see at any moment if we change a tax,” he added. “In the short term, we remain dependent on what is imported for gasoline and what is refined in Colombia. […]

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