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August 17, 2022
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Gasoline price, how is its cost defined in the country?

Gasoline price, how is its cost defined in the country?

In the second instance, it would be the payment of the Biofuel, which is what is mixed with gasoline, normally in Colombia they tend to use ethanol. Given this, the percentage that is averaged for the purchase of this is 7% of the entire sum.

Thus, the territorial tax and the tax to the nation are also added, since the collection of these are directed both to the National Government, as well as to the municipal and departmental ones. These two added together represent 26% of the total cost, which is divided into two for its representation, where VAT is also included.

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