Colombia pump prices adjust based on ethanol and biodiesel shifts

July 28, 2016 |

In Colombia, the regulated price of diesel has fallen by 3.5 cents per gallon thanks to adjustments in the price of biodiesel, while gasoline has inched up slight by less than a cent due to the adjusted price for ethanol. Prices had been frozen since May but the new prices are effective the end of July. Fuel prices are regulated based on a formula that is meant to ensure stability and efficiency throughout the country.

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Category: Fuels

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