FEPC: Fuel Price Debt Fund

TL;DR

Oil prices, particularly Brent crude, have seen significant volatility in 2026, surpassing $100 per barrel and currently hovering around $90.
Colombia's FEPC, designed to stabilize fuel prices, has accumulated a deficit of approximately 85 trillion pesos between 2016 and 2025.
A significant portion of the deficit (68 trillion pesos) was generated between 2022 and 2025, with 51 trillion occurring during the current administration.
The FEPC has functioned more as a political price tool, with a government decision to reduce gasoline prices before elections contributing to its issues.
The article suggests that if the FEPC's original formula had been strictly applied, the country would have saved around 21 trillion pesos.
There is a call to address immediate imbalances, such as maintaining the ACPM subsidy during a fiscal crisis, and to debate the necessity of a fund that has become a permanent debt mechanism.

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