Gasoline Prices in Colombia's 13 Main Cities: Government Foresees Increase
Gasoline prices in Colombia's main cities saw a slight reduction in March, following two consecutive adjustments by the Petro Government. However, the international landscape and official decisions anticipate possible increases in the coming months.
TL;DR
- Gasoline prices in 13 major Colombian cities averaged $15,057 per gallon in March, with a slight reduction after two consecutive government adjustments.
- Villavicencio, Cali, and Bogotá have the most expensive gasoline, influenced by logistical and distribution factors.
- Pasto, Cúcuta, and Cartagena show the lowest prices, reflecting regional market differences.
- International factors, including geopolitical tensions in the Middle East, are causing oil prices to rise, potentially leading to higher gasoline prices in Colombia.
- The Petro government confirmed that gasoline subsidies are not feasible if international prices increase.
- Diesel subsidies will be limited to the freight transport sector.
- A subsidized fertilizer system, with Ecopetrol playing a central role, is being developed to counter the impact of rising oil prices on the agricultural sector.