Government will change how diesel price is calculated in Colombia; this is the proposal
The national government has put a draft resolution to public consultation that redefines how the price of diesel (ACPM) is calculated in Colombi...
TL;DR
- Colombia is proposing a new methodology to calculate the producer income for diesel (ACPM).
- The price will be updated weekly based on the average of international market prices from the previous week.
- The producer income will be a minimum of the international parity price and a maximum of the import parity price.
- This change aims to bring transparency, align prices with international markets, and reduce fiscal pressures on the Fuel Price Stabilization Fund (FEPC).
- The proposal also includes stricter information obligations for market actors to ensure traceability and control.
- The draft resolution is open for public comment.