Diesel to rise by nearly $3,000, affecting over 830,000 vehicles
After the Ministry of Mines and Energy issued a decree that reduced the price of gasoline by $500 starting February 1, the Government announced new measures regarding fuel policy, focusing particularly on diesel and other subsidized energy sources.
TL;DR
- The Colombian government is removing subsidies for diesel (ACPM) and coal.
- This change will affect private, official, and diplomatic vehicles, bringing their fuel prices closer to international levels.
- The price increase for diesel is estimated to be between $2,800 and $3,000 per gallon.
- Over 830,000 private vehicles are expected to be impacted by this subsidy removal.
- Public and cargo transport vehicles are explicitly excluded from the price increase to avoid impacting food prices and public transportation costs.
- The subsidy removal will be implemented gradually over a maximum of six months.
- The Minister of Mines and Energy warned against potential 'mafias' exploiting the transition to the new pricing.