Colombia government to pay $2 bln to Ecopetrol to support fuel fund
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BOGOTA, Oct 2 (Reuters) - Colombia will pay majority state-owned oil company Ecopetrol more than 8 trillion pesos ($1.92 billion) for its cash contribution to the Fuel Price Stabilization Fund (FEPC) corresponding to the third quarter of 2022, according to a document seen by Reuters.
The FEPC was created in 2007 to mitigate the impact of international fuel price fluctuations in Colombia's domestic market. ($1 = 4,156.47 Colombian pesos) (Reporting by Oliver Griffin; editing by Jonathan Oatis)
