Log In Sign Up
News Wire / economy

Colombia Gasoline Prices Expected To Rise In May

France Culture Strait of Hormuz 11d11d Impact 8

The number of commercial vessels in the Gulf was 913 on April 29, according to maritime tracking firm Axe Marine. The surge is driven by the use of thousands of missiles in the Middle East over recent weeks. Tungsten is used in armor, aircraft engine superalloys, and most munitions. This increased demand is placing upward pressure on prices as China manages the supply side. China controls 75 to 80 percent of the supply but has implemented export restrictions. Structural shortages are being driven by aging mines and insufficient investment in China. Gasoline prices in Colombia are expected to increase in May, with the average price reaching approximately 15,800 pesos per gallon nationwide. In major cities such as Bogota, Cali, and Villavicencio, prices are projected to exceed 16,000 pesos per gallon.

The number of commercial vessels in the Gulf was 913 on April 29, according to maritime tracking firm Axe Marine. The surge is driven by the use of thousands of missiles in the Middle East over recent weeks. Tungsten is used in armor, aircraft engine superalloys, and most munitions. This increased demand is placing upward pressure on prices as China manages the supply side. China controls 75 to 80 percent of the supply but has implemented export restrictions. Structural shortages are being driven by aging mines and insufficient investment in China. Gasoline prices in Colombia are expected to increase in May, with the average price reaching approximately 15,800 pesos per gallon nationwide. In major cities such as Bogota, Cali, and Villavicencio, prices are projected to exceed 16,000 pesos per gallon. Finance Minister Germán Ávila announced the increase, citing rising international oil prices as the primary cause. The price hike is attributed to the current international context of increasing petroleum costs. The price hike is attributed to rising oil prices, which have exceeded 120 dollars per barrel. Tensions in the Middle East, specifically regarding the Strait of Hormuz and the conflict with Iran, are also cited as contributing factors to the increased costs.

Topics

maritime trade shipping Iran

Developing

  1. 862d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
  2. 862d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
  3. 862d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
  4. 862d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.

Sources · 7 independent

France Culture

“le nombre de navires commerciaux présents dans le golfe s'élevait à 913 le 29 avril, soit deux mois après le début de la guerre en Iran, selon l'entreprise spécialisée dans le suivi maritime Axe Marine”

Cadena SER

“the truce with Iran to reopen the Strait of Hormuz has not been finalized, conversations are still stalled and despite the indefinite truce between the two countries, markets remain marked by uncertainty.”

WBAL Baltimore

“Strait of Hormuz, saying Tehran will eliminate enemies abuse of the water.”

KIRO FM Seattle

“Iran has mocked surging energy prices as the regime tightened its grip to the strait of her mousse with oil topping $125 a barrel.”

KIRO FM Seattle

“Muhammad Bagar Ghalaybab, the former head of the Iranian negotiating team, has warned that global oil prices could surge to $140 a barrel.”

KIRO FM Seattle

“Iran has mocked surging energy prices as the regime tightened its grip to the strait of her mousse with oil topping $125 a barrel. Muhammad Bagar Ghalaybab, the former head of the Iranian negotiating team, has warned that global oil prices could surge to $140 a barrel.”

Cadena SER

“El barril de Bren que llegó ayer a superar su máximo desde 2008 los 125 dólares, aunque ahora se ha moderado y se situa en los 112”

Bloomberg Radio

“We're still seeing the issue of oil price.”

WBAL Baltimore

“Iran has mocked surging energy prices as the regime tightened its grip to the strait of her moves with oil topping $125 a barrel. Mohammed Bagar Ghalaybab... warned that global oil prices could surge to $140 a barrel.”

RFE/RL Radio Farda

“خبرها امتده بود که در روز یک اشتر جاپانی تون استه اوبور بکنه از تنگه یهورمز.”

NPR

“the war with Iran, which is triggered a sharp spike in energy prices. The average price of regular gas jumped another 7 cents overnight.”

Radio Svoboda UA

“Іх очередной резкий іскачок був зафіксував, після того, як появились сообщення, що Дональд Трамп предпочитає довгострокову блокаду портів Ірану і Ормузького проливу”

Radio NV

“War in the Middle East, as expected, has hit the global oil supply, provoking a sharp jump in prices.”

Radio NV

“To reduce pressure on key allies, the US has eased the sanctions regime for buyers of Russian oil.”

BFM Radio

“15,4%. conséquence de la guerre au Moyen-Orient, c'est tout ce qu'on s'est...”

WBUR Boston

“the price of fertilizer soared by 80% since the beginning of the war. He said poorer countries would feel the brunt of it first.”

BBC World Service

“supply and production caused by the US, Israeli war on Iran is jeopardizing global food production. He said poorer countries would feel the brunt of it first and the price of fertilizers soared by 80% since the beginning of the war.”

talkRADIO

“and that will be inflation as well. And it's just a very”

BBC WS backup

“fertilizer has said that the interruption to supply and production caused by”

Radio Svoboda UA

“ці повищення можуть продовжувати, і це отразиться на цінах і на другі вищі, такі як авіабилети, о яких я обмінал, і на другі товари, послуги, завісящі від нефті її производних, і люди будуть це відчувати.”

Rádio Bandeirantes

“The president of the Bank warned that the lower supply of food and higher fertilizer prices pressure inflation, and there is nothing monetary policy can do to prevent this from hitting companies and families.”

Unlock the full story

Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.

Log in to upgrade