Fuels

The National Petroleum Agency began a public hearing on Monday on rules to define abusive fuel prices after an injunction suspending the event was overturned.

May 23, 2026 Ti AI ṣe iroyin

Business owners in the sector report supply issues for Magna and diesel in at least eleven Mexican states. The voluntary price cap, in place for over a year, faces pressure from rising import costs linked to the Middle East crisis.

Chile's National Petroleum Company (Enap) released its weekly price report, showing rises in gasoline and diesel prices from Thursday, April 16. 93-octane gasoline will increase by $20.2 per liter and 97-octane by $22.3, while diesel rises $36.4. The Mepco mechanism cushioned the hike, according to the undersecretary of Finance.

April 07, 2026 Ti AI ṣe iroyin

The European Commission has warned Spain that reducing VAT on fuels from 21% to 10% violates the EU VAT directive. The Spanish government defends the measure as temporary to ease energy price hikes due to the war in the Middle East. Brussels recommends cutting special taxes on hydrocarbons instead.

From April 1, 2026, gasoline prices in Colombia rose by $375 per gallon, lifting the national average to $15,449. In Cali, prices are around $15,900, with diesel up $81 per gallon. The increase reverses prior cuts timed with legislative elections, prompting political debate.

March 31, 2026 Ti AI ṣe iroyin

The federal government and states announced on March 31 an agreement to subsidize imported diesel by R$ 1.20 per liter, split equally between the Union and states, to mitigate the impact of the Iran war on fuel prices. The measure is emergency and limited to up to two months, with voluntary adherence. More than 80% of states have signaled interest in participating.