Government proposes new formula to calculate diesel price based on international markets

TL;DR

New resolution redefines diesel price calculation in Colombia using international references with weekly updates.
The proposal establishes limits for producer income, not falling below international parity or exceeding import parity.
The scheme aligns with the Fuel Price Stabilization Fund (FEPC) to optimize public resource use.
Weekly updates aim to reflect global diesel price variations more accurately.
The initiative includes provisions for price publication and disclosure by fuel chain agents.
Market actors will be required to report price formation data for monitoring by authorities.
The project is open for public comment before potential adoption.

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