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Ecopetrol Challenges DIAN’s VAT Adjustment on Diesel Imports

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Ecopetrol Challenges DIAN’s VAT Adjustment on Diesel Imports

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The latest announcement is out from Ecopetrol SA ( (EC) ).

On June 3, 2025, Ecopetrol S.A. was notified by the Colombian Tax and Customs Authority (DIAN) of a proposed adjustment and penalty related to VAT on diesel imports from 2022 to 2024, totaling COP 1.2 trillion plus interest. Ecopetrol formally opposed this adjustment on July 1, 2025, highlighting differing legal interpretations. Despite ongoing VAT payments at a 19% rate since January 2025, Ecopetrol maintains the right to challenge DIAN’s interpretation and remains committed to fulfilling its tax obligations.

The most recent analyst rating on (EC) stock is a Sell with a $9.00 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.

Spark’s Take on EC Stock

According to Spark, TipRanks’ AI Analyst, EC is a Outperform.

Ecopetrol’s strong technical indicators and attractive valuation drive its high overall score, offering potential for growth. Solid financial performance supports the outlook, though challenges like high leverage and market volatility must be managed.

To see Spark’s full report on EC stock, click here.

More about Ecopetrol SA

Ecopetrol S.A. is the largest company in Colombia and a leading integrated energy company in the Americas, with over 19,000 employees. It is responsible for more than 60% of Colombia’s hydrocarbon production and has significant operations in transportation, logistics, and refining. The company also holds a strong position in petrochemicals and gas distribution and has expanded into energy transmission, road concessions, and telecommunications across several countries in the Americas.

Average Trading Volume: 2,687,649

Technical Sentiment Signal: Strong Buy

Current Market Cap: $18.45B

See more insights into EC stock on TipRanks’ Stock Analysis page.

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