By decree, the Government eliminates industrial diesel subsidy to clean up fuel fund accounts

TL;DR

Decree 0268 of 2026 excludes industrial process fuels from Fepc subsidies.
The goal is to protect end consumers from international fuel price fluctuations.
Industrial diesel consumption surged from 806,000 gallons/month in 2023 to over 8.2 million gallons/month in 2024.
This increase caused an estimated $131 billion impact on the Fepc between January and April 2025.
Prices for these fuels will now be freely determined by market agents, with exceptions for biofuel blends.
Operational guidelines will be defined by the Ministry of Mines and Energy within two months.

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