Reported 5 days ago
Colombia's Energy Minister Andres Camacho has criticized natural gas distributors for hiking prices, claiming they are turning to more expensive imported fuel due to dwindling domestic supplies. Grupo Vanti announced price increases of up to 36% in cities like Bogotá and Medellín after a shortage forced reliance on costly liquefied natural gas (LNG) imports. The situation, compounded by rising minimum wages and inflation, has led to tense discussions between distributors and the government. While companies like Vanti argue that price hikes are unavoidable, the government seeks to investigate and mitigate the issue.
Source: YAHOO