Gasoline gallon price in Medellín dropped to $15.411

For this month of March, the price of a gallon of gasoline in Colombia sees a reduction of $501, the second reduction of this same amount so far this year, with which the government of Gustavo Petro assures it is taking 'responsible decisions that allow progress towards a more balanced economy, with measures that benefit the people'.

Gasoline gallon price in Medellín dropped to $15.411

TL;DR

  • The price of gasoline in Colombia has been reduced by $501 per gallon for March.
  • This is the second reduction of $501 this year, totaling a $1,000 relief per gallon since February.
  • The government attributes the reduction to responsible economic decisions and the correction of system imbalances.
  • The price of diesel will remain stable nationwide.
  • The gasoline price adjustment is applied homogeneously across the entire national territory.
  • The average price for 13 main cities dropped from $15,574 in February to $15,073 in March.
  • In Bogotá, the price decreased from $15,991 to $15,491.
  • The reduction applies to the producer's or importer's income, affecting Ecopetrol and major distributors.
  • The Ministry of Mines and Energy will continue to monitor international markets and macroeconomic variables to ensure sustainable price decisions.