|
|
| (10 intermediate revisions by 3 users not shown) |
| Line 1: |
Line 1: |
| | {{Fuel Price Factsheet | | {{Fuel Price Factsheet |
| | |Fuel Price Country=Colombia | | |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). ). In Mar 2013, government agreed not to raise diesel prices after a transport strike. |
| | + | Protests: In Mar 2013, thousands of truckers went on an indefinite strike to protest against rising fuel prices. The strike ended after three days after government agreed to reverse a price increase and not to increase the diesel price for three months. |
| | + | |
| | + | 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." |
| | + | |
| | + | (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 Currency=COP |
| | |Fuel Price Exchange Rate=1850.04 | | |Fuel Price Exchange Rate=1850.04 |
| Line 9: |
Line 17: |
| | |Fuel Price Composition Annotation=Source: http://www.ecopetrol.com.co/contenido.aspx?catID=192&conID=36336&pagID=129391 | | |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 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.
| |
| − |
| |
| − | Energy Mining Planning Unit (UPME): Monthly survey of the full price to service stations with monitored free regime
| |
| − |
| |
| − | 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 Matrix Pricing Mechanism=2 | | |Fuel Matrix Pricing Mechanism=2 |
| | |Fuel Matrix Price Level=3 | | |Fuel Matrix Price Level=3 |
| Line 31: |
Line 28: |
| | {{Fuel Price Factsheet Source | | {{Fuel Price Factsheet Source |
| | |Fuel Price Factsheet Source Type=Pump prices and margins | | |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 | | {{Fuel Price Factsheet Source |
| Line 39: |
Line 36: |
| | {{Fuel Price Factsheet Source | | {{Fuel Price Factsheet Source |
| | |Fuel Price Factsheet Source Type=Pricing Mechanism | | |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 | | {{Fuel Price Factsheet Source |
| Line 47: |
Line 44: |
| | }} | | }} |
| | {{Fuel Price Factsheet Source | | {{Fuel Price Factsheet Source |
| | + | |Fuel Price Factsheet Source Type=Other Information |
| | |Fuel Price Factsheet Source Link=http://www.creg.gov.co | | |Fuel Price Factsheet Source Link=http://www.creg.gov.co |
| | |Fuel Price Factsheet Source Annotation=Energy and Gas Regulatory Commission | | |Fuel Price Factsheet Source Annotation=Energy and Gas Regulatory Commission |
| | }} | | }} |
| | {{Fuel Price Factsheet Source | | {{Fuel Price Factsheet Source |
| | + | |Fuel Price Factsheet Source Type=Other Information |
| | |Fuel Price Factsheet Source Link=http://www.ecopetrol.com | | |Fuel Price Factsheet Source Link=http://www.ecopetrol.com |
| | |Fuel Price Factsheet Source Annotation=Colombian Petroleum Company | | |Fuel Price Factsheet Source Annotation=Colombian Petroleum Company |
| | }} | | }} |
| | {{Fuel Price Factsheet Source | | {{Fuel Price Factsheet Source |
| | + | |Fuel Price Factsheet Source Type=Other Information |
| | |Fuel Price Factsheet Source Link=http://www.minminas.gov.co | | |Fuel Price Factsheet Source Link=http://www.minminas.gov.co |
| | |Fuel Price Factsheet Source Annotation=Ministry of Mines and Energy | | |Fuel Price Factsheet Source Annotation=Ministry of Mines and Energy |
| | }} | | }} |
| | + | {{Fuel Price Factsheet Source |
| | + | |Fuel Price Factsheet Source Type=Other Information |
| | + | |Fuel Price Factsheet Source Link=http://www.dinero.com/opinion/columnistas/articulo/la-encrucijada-del-precio-combustibles/186095 |
| | + | }} |
| | + | |
| | + | [[Category:Colombia]] |
"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.
Protests: In Mar 2013, thousands of truckers went on an indefinite strike to protest against rising fuel prices. The strike ended after three days after government agreed to reverse a price increase and not to increase the diesel price for three months.
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."
(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
