Gasoline Rises $400 Starting This Friday, May 1: Here's How Prices Will Look by City
In a decision that again hits household budgets and business operating costs, Finance Minister Germán Ávila confirmed that starting this Friday, May 1, the price of regular gasoline will increase by $400 per gallon across the country.
TL;DR
- Gasoline prices in Colombia will increase by $400 per gallon starting May 1st.
- This hike aims to reduce the deficit of the Fuel Price Stabilization Fund (FEPC).
- The average price across 13 cities will rise, with Villavicencio, Cali, and Bogotá having the highest prices.
- Pasto and Cúcuta will continue to have the lowest gasoline prices.
- This increase follows a previous hike of $375 per gallon in April.
- Higher fuel costs are expected to contribute to inflation, particularly in transportation and food sectors.