Amount of Fuel Smuggled into Colombia

in Environmental Threats

According to security services in Colombia, between 10 to 15 percent of the fuel used by drivers in Colombia was smuggled into the country.

Roughly one million gallons of gasoline is smuggled into the country each day, with 70 to 80 percent of the fuel coming from Venezuela. The remaining gas is smuggled into Colombia from Ecuador.

In Venezuela, a gallon of gasoline costs about 1 cent when using the black market exchange rate.

Source:  Matthew Bristow and Andrew Willis, “Cocaine for Venezuela Fuel Tankers Irks Colombia Tax Boss,” Bloomberg, December 2, 2013.

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