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Colombia: Anti-government fuel price regulation case to be heard

By  |  April 3, 2013
Colombia: Anti-government fuel price regulation case to be heard

A lawsuit has been accepted by Colombia’s constitutional court, paving the way for a case against the Ministry of Mining and Energy’s current ability to fix fuel prices. Specifically, the lawyer who filed the case is looking to fight the Ministry’s current jurisdiction over gas and diesel prices, which are priced by the gallon every month. The lawyer, Camilo Araque, argues that the manipulation of those prices are based on artificial tax rates; Senator Luis Fernando Velasco has offered support of the case, stating that he hopes to see a “national debate” on how fuel prices should be determined.

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