BOGOTÁ, COLOMBIA (By Ecopetrol, 2.Apr.2026, Words: 308) — Colombia’s state-owned Ecopetrol S.A. and Refinería de Cartagena S.A.S. executed an agreement with the nation for the outstanding payment of the FEPC corresponding to the first quarter 2025
Ecopetrol announces that:
— 1) through Resolutions 00368 and 00369 dated 31 Mar. 2026, the hydrocarbons directorate of the Ministry of Mines and Energy ordered the payment of the outstanding balance of the fuel price stabilization fund (FEPC) for the first quarter 2025, for a total amount of COP 1.6tn, of which COP 1.2tn is attributable to Ecopetrol and COP 0.4tn is attributable to Refinería de Cartagena.
— 2) Ecopetrol, Refinería de Cartagena, and the government of Colombia (the “nation”), represented by the Ministry of Finance and Public Credit, have entered into a payment agreement under which the nation undertakes to pay the outstanding balance of the FEPC account corresponding to the first quarter 2025. The payment is expected to be made in accordance with the terms set forth below:
| 3 Payment Date | 4 Amount (COP) | 5 Payment Method |
| 6 April 1, 2026 | 7 2,891,901,795.00 | 8 Cash transfer |
| 9 December 15,2026 | 10 1,555,514,748,090.21 | 11 Treasury Securities (TES) issued by the Republic of Colombia |
— 3) under this agreement, the nation acknowledges in favor of Ecopetrol and Refinería de Cartagena the cost associated with the time elapsed between the execution of the agreement and the payment scheduled for Dec. 2026.
— 4) additionally, this agreement confirms the nation’s acknowledgment of its payment obligation and highlights the joint efforts of Ecopetrol and the government.
The Ecopetrol Group continues to work in close coordination with the Ministries of Finance and Public Credit and of Mines and Energy — the authorities responsible for fuel pricing policy — in the implementation of payment mechanisms and the reduction of FEPC balances.
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