Fuel Prices Colombia - Revision history

Ranisha at 13:57, 7 October 2014

2014-10-07T13:57:55Z

Ranisha at 12:46, 6 October 2014

2014-10-06T12:46:24Z

Armin Wagner at 14:09, 21 October 2013

2013-10-21T14:09:10Z

Armin Wagner at 14:47, 15 April 2013

2013-04-15T14:47:12Z

Armin Wagner at 09:55, 22 March 2013

2013-03-22T09:55:34Z

Armin Wagner at 08:51, 25 February 2013

2013-02-25T08:51:21Z

Armin Wagner at 12:53, 14 February 2013

2013-02-14T12:53:01Z

Armin Wagner at 12:48, 14 February 2013

2013-02-14T12:48:24Z

Tai Becker at 14:09, 10 December 2012

2012-12-10T14:09:19Z

Tai Becker at 14:08, 10 December 2012

2012-12-10T14:08:46Z

← Older revision		Revision as of 13:57, 7 October 2014
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−	[[Category:~~Columbia~~]]	+	[[Category:Colombia]]

@@ Line 28: / Line 28: @@
 {{Fuel Price Factsheet Source
 |Fuel Price Factsheet Source Type=Pump prices and margins
-|Fuel Price Factsheet Source Link=http://www.minminas.gov.co/minminas/downloads/UserFiles/File/hidrocarburos/DOCUMENTO%20GENERAL%20PRECIOS%20DE%20LOS%20COMBUSTIBLES.pdf
+|Fuel Price Factsheet Source Link=http://bit.ly/1q2OFJ4
 }}
 {{Fuel Price Factsheet Source
@@ Line 36: / Line 36: @@
 {{Fuel Price Factsheet Source
 |Fuel Price Factsheet Source Type=Pricing Mechanism
-|Fuel Price Factsheet Source Link=http://www.minminas.gov.co/minminas/downloads/UserFiles/File/hidrocarburos/DOCUMENTO%20GENERAL%20PRECIOS%20DE%20LOS%20COMBUSTIBLES.pdf
+|Fuel Price Factsheet Source Link=http://bit.ly/1q2OFJ4
 }}
 {{Fuel Price Factsheet Source
@@ Line 62: / Line 62: @@
 |Fuel Price Factsheet Source Link=http://www.dinero.com/opinion/columnistas/articulo/la-encrucijada-del-precio-combustibles/186095
 }}

@@ Line 57: / Line 57: @@
 |Fuel Price Factsheet Source Link=http://www.minminas.gov.co
 |Fuel Price Factsheet Source Annotation=Ministry of Mines and Energy
 }}

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Colombia
-|Fuel Pricing Policies="Pricing policy: Fuel prices are controlled and price ceilings are set by Ministry of Mines and Energy, subject to the ultimate authority of Superintendency of Industry and Commerce (Superintendencia de Industria y Comercio, SIC), which exercises control over price increases. Price setting is at the discretion of government. A fuel stabilization fund for gasoline and diesel was created at end-2008, the purpose of which was to eliminate fuel price subsidies. An initial deposit of about US$170 million was transferred to the fund at the time. Budgetary transfers for fuel subsidies in 2009 amounted to 4,906 billion pesos (US$2.3 billion). There are no rules governing withdrawals from the fund, as in Chile. By end-2011, the fund’s deficit had grown to 2.2 trillion pesos (US$1.2 billion).
+|Fuel Pricing Policies="Pricing policy: Fuel prices are controlled and price ceilings are set by Ministry of Mines and Energy, subject to the ultimate authority of Superintendency of Industry and Commerce (Superintendencia de Industria y Comercio, SIC), which exercises control over price increases. Price setting is at the discretion of government. A fuel stabilization fund for gasoline and diesel was created at end-2008, the purpose of which was to eliminate fuel price subsidies. An initial deposit of about US$170 million was transferred to the fund at the time. Budgetary transfers for fuel subsidies in 2009 amounted to 4,906 billion pesos (US$2.3 billion). There are no rules governing withdrawals from the fund, as in Chile. By end-2011, the fund’s deficit had grown to 2.2 trillion pesos (US$1.2 billion). ). In Mar 2013, government agreed not to raise diesel prices after a transport strike.
-Hedging: Hedging cost Ecopetrol, the national oil company, US$450 million in 2011, and incurred costs in six out of the past seven years, prompting a congressional hearing in 2012.
+Hedging: Although different from hedging petroleum product prices, Ecopetrol, the national oil company, hedges crude oil exports. Hedging cost Ecopetrol US$450 million in 2011, and incurred costs in six out of the past seven years, prompting a congressional hearing in 2012.
 Information: Ministry of Mines and Energy posts detailed price information by location for gasoline and diesel every month, dating back to Jul 2003."

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Colombia
-|Fuel Pricing Policies="Fuel prices are controlled and price ceilings are set by the Ministry of Mines and Energy, subject to the ultimate authority of Superintendency of Industry and Commerce (Superintendencia de Industria y Comercio, SIC), which exercises control over price increases. Price setting is at the discretion of government. A fuel stabilization fund for gasoline and diesel was created at the end of 2008, the purpose of which was to eliminate fuel price subsidies. Budgetary transfers for fuel subsidies in 2009 amounted to 4,906 billion pesos (US$2.3 billion). There are no rules governing withdrawals from the fund, as in Chile. By end-2011, the fund’s deficit had grown to 2.2 trillion pesos (US$1.2 billion). Government posts historical statistics on retail prices of gasoline, diesel, and CNG on its Web site. Hedging cost Ecopetrol, the national oil company, US$450 million in 2011, and incurred costs in six out of the past seven years, prompting a congressional hearing in 2012. The Ministry of Mines and Energy posts detailed price information by location for gasoline and diesel every month, dating back to July 2003."
+|Fuel Pricing Policies="Pricing policy: Fuel prices are controlled and price ceilings are set by Ministry of Mines and Energy, subject to the ultimate authority of Superintendency of Industry and Commerce (Superintendencia de Industria y Comercio, SIC), which exercises control over price increases. Price setting is at the discretion of government. A fuel stabilization fund for gasoline and diesel was created at end-2008, the purpose of which was to eliminate fuel price subsidies. An initial deposit of about US$170 million was transferred to the fund at the time. Budgetary transfers for fuel subsidies in 2009 amounted to 4,906 billion pesos (US$2.3 billion). There are no rules governing withdrawals from the fund, as in Chile. By end-2011, the fund’s deficit had grown to 2.2 trillion pesos (US$1.2 billion).
 (Source:  Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Colombia
-|Fuel Pricing Policies='''Agencies:'''
+|Fuel Pricing Policies="Fuel prices are controlled and price ceilings are set by the Ministry of Mines and Energy, subject to the ultimate authority of Superintendency of Industry and Commerce (Superintendencia de Industria y Comercio, SIC), which exercises control over price increases. Price setting is at the discretion of government. A fuel stabilization fund for gasoline and diesel was created at the end of 2008, the purpose of which was to eliminate fuel price subsidies. Budgetary transfers for fuel subsidies in 2009 amounted to 4,906 billion pesos (US$2.3 billion). There are no rules governing withdrawals from the fund, as in Chile. By end-2011, the fund’s deficit had grown to 2.2 trillion pesos (US$1.2 billion). Government posts historical statistics on retail prices of gasoline, diesel, and CNG on its Web site. Hedging cost Ecopetrol, the national oil company, US$450 million in 2011, and incurred costs in six out of the past seven years, prompting a congressional hearing in 2012. The Ministry of Mines and Energy posts detailed price information by location for gasoline and diesel every month, dating back to July 2003."
-−
-“Ministry of Mines and Energy (MME): Determines the producer income, wholesale-retail distributor's mark-up and the full price of controlled products.
-Energy Mining Planning Unit (UPME): Monthly survey of the full price to service stations with monitored free regime
+(Source:  Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
-−
-Colombian Petroleum Company (Ecopetrol): The price structure for regular gasoline (up to the full price) and extra gasoline (up to the maximum price to the wholesale distributor) may be obtained on the Web.”
-−
-Source and further information: http://uneprisoe.org/Pricing/FuelPricingPolicies.pdf
-−
-−
-Fuel prices are controlled and price ceilings are set by the Ministry of Mines and Energy, subject to the ultimate authority of Superintendency of Industry and Commerce (Superintendencia de Industria y Comercio, SIC), which exercises control over price increases. Price setting is at the discretion of government. A fuel stabilization fund for gasoline and diesel was created at the end of 2008, the purpose of which was to eliminate fuel price subsidies. Budgetary transfers for fuel subsidies in 2009 amounted to 4,906 billion pesos (US$2.3 billion). There are no rules governing withdrawals from the fund, as in Chile. By end-2011, the fund’s deficit had grown to 2.2 trillion pesos (US$1.2 billion). Government posts historical statistics on retail prices of gasoline, diesel, and CNG on its Web site. Hedging cost Ecopetrol, the national oil company, US$450 million in 2011, and incurred costs in six out of the past seven years, prompting a congressional hearing in 2012. The Ministry of Mines and Energy posts detailed price information by location for gasoline and diesel every month, dating back to July 2003. (Source:  Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
 |Fuel Currency=COP
 |Fuel Price Exchange Rate=1850.04

← Older revision		Revision as of 12:53, 14 February 2013
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	Source and further information: http://uneprisoe.org/Pricing/FuelPricingPolicies.pdf		Source and further information: http://uneprisoe.org/Pricing/FuelPricingPolicies.pdf
		+

	Fuel prices are controlled and price ceilings are set by the Ministry of Mines and Energy, subject to the ultimate authority of Superintendency of Industry and Commerce (Superintendencia de Industria y Comercio, SIC), which exercises control over price increases. Price setting is at the discretion of government. A fuel stabilization fund for gasoline and diesel was created at the end of 2008, the purpose of which was to eliminate fuel price subsidies. Budgetary transfers for fuel subsidies in 2009 amounted to 4,906 billion pesos (US$2.3 billion). There are no rules governing withdrawals from the fund, as in Chile. By end-2011, the fund’s deficit had grown to 2.2 trillion pesos (US$1.2 billion). Government posts historical statistics on retail prices of gasoline, diesel, and CNG on its Web site. Hedging cost Ecopetrol, the national oil company, US$450 million in 2011, and incurred costs in six out of the past seven years, prompting a congressional hearing in 2012. The Ministry of Mines and Energy posts detailed price information by location for gasoline and diesel every month, dating back to July 2003. (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)		Fuel prices are controlled and price ceilings are set by the Ministry of Mines and Energy, subject to the ultimate authority of Superintendency of Industry and Commerce (Superintendencia de Industria y Comercio, SIC), which exercises control over price increases. Price setting is at the discretion of government. A fuel stabilization fund for gasoline and diesel was created at the end of 2008, the purpose of which was to eliminate fuel price subsidies. Budgetary transfers for fuel subsidies in 2009 amounted to 4,906 billion pesos (US$2.3 billion). There are no rules governing withdrawals from the fund, as in Chile. By end-2011, the fund’s deficit had grown to 2.2 trillion pesos (US$1.2 billion). Government posts historical statistics on retail prices of gasoline, diesel, and CNG on its Web site. Hedging cost Ecopetrol, the national oil company, US$450 million in 2011, and incurred costs in six out of the past seven years, prompting a congressional hearing in 2012. The Ministry of Mines and Energy posts detailed price information by location for gasoline and diesel every month, dating back to July 2003. (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Colombia
-|Fuel Currency=COP
+|Fuel Pricing Policies='''Agencies:'''
-|Fuel Price Exchange Rate=1850.04
-|Fuel Price Exchange Rate Date=2010/11/17
-|Fuel Price Composition=GIZ_IFP2012_Colombia1.png
-|Fuel Price Composition Fuel Type=Gasoline 95 Octane
-|Fuel Price Composition Date=2012/04/01
-|Fuel Price Composition Annotation=Source: http://www.ecopetrol.com.co/contenido.aspx?catID=192&conID=36336&pagID=129391
-|Fuel Price Composition 2=GIZ_IFP2012_Colombia2.png
-|Fuel Pricing Policies=http://www.minminas.gov.co/minminas/downloads/UserFiles/File/hidrocarburos/DOCUMENTO%20GENERAL%20PRECIOS%20DE%20LOS%20COMBUSTIBLES.pdf
-−
 '''Agencies:'''
 “Ministry of Mines and Energy (MME): Determines the producer income, wholesale-retail distributor's mark-up and the full price of controlled products.
@@ Line 20: / Line 10: @@
 Source and further information: http://uneprisoe.org/Pricing/FuelPricingPolicies.pdf
 |Fuel Matrix Pricing Mechanism=2
 |Fuel Matrix Price Level=3