'Algunos establecimientos pueden cerrar porque los costos son mucho más altos que los ingresos': Somos Uno

TL;DR

The 23.7% minimum wage increase is significantly affecting Colombia's gas station sector.
Labor costs, which can be up to 60% of a gas station's operating expenses, are rising, potentially leading to a $100 per gallon price increase for consumers.
The sector employs approximately 50,000 direct jobs, with an average of seven employees per station.
The labor reform, including reduced working hours, further pressures operational costs for stations operating 24/7.
Business owners are considering reducing staff, increasing individual employee workload, or automating processes.
Small gas stations with low sales (under 5,000 gallons/month) may not cover operating and labor costs, leading to potential closures.
The article also touches on a potential $300 reduction in gasoline prices and a differentiated mechanism for diesel, but details are pending regulation.

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