2023-07-22 22:56:23
According to data from Global Petrol Prices, a gallon of gasoline, on average, costs $12,964 in Colombia (regarding 3.2 dollars). While in Ecuador it is in the order of $9,655, and in Bolivia, at $8,245. The country with the lowest price in the Americas is Venezuela, where a gallon barely exceeds $60. colpress
Since October 2022, the price of gasoline has risen every month in Colombia. Measure adopted by the Government of Gustavo Petro to cover the fiscal deficit left by the previous government in the Fuel Price Stabilization Fund. Even so, according to Global Petrol Prices, in its report dated July 17, the fourth country with the cheapest gasoline on the continent is Colombia, behind Ecuador, Bolivia and Venezuela.
To counteract the economic deficit that, according to the Government, fuels have left, a plan of monthly increases between $200 and $600 pesos was devised, which already accumulates an increase of $3,250 pesos between October 2022 and July 2023. According to the Minister of Finance, Ricardo Bonilla, it is expected that the adjustments will continue until a value of $15,000 pesos is achieved, one thousand pesos less than those agreed a year ago. a few months, when the dollar was close to $5,000 pesos.
According to data from Global Petrol Prices, a gallon of gasoline, on average, costs $12,964 in Colombia (regarding 3.2 dollars). While in Ecuador it is in the order of $9,655, and in Bolivia, at $8,245. The country with the lowest price in the Americas is Venezuela, where a gallon barely exceeds $60.
In contrast, the countries with the most expensive price per gallon of gasoline are: Barbados ($30,703), Uruguay ($27,955), Chile ($23,609), Mexico ($22,045) and the Dominican Republic ($20,967). In addition to these five countries, there are six others where a gallon of gasoline exceeds $20,000: Canada, Bahamas, Nicaragua, Costa Rica, Dominica, and Jamaica.
At the $20,000 barrier, there are Cuba ($19,188) and Peru ($19,169).
Next, a graph with all prices, in Colombian pesos, by country:
File photo. Colombian Finance Minister Ricardo Bonilla speaks at a news conference in Bogota, Colombia, May 5, 2023. REUTERS/Luisa Gonzalez
Minister Ricardo Bonilla, in RCN News, maintained that the measure to increase the value of fuels is unpopular, but that it configures a necessary measure to level the existing gap in the Fund that will close at 70 billion pesos: “that’s four tax reforms,” he explained.
In addition, he mentioned that it is not possible to adjust the prices of gasoline and diesel in parallel, since this, according to him, would generate a negative impact on inflation. Despite this criterion, both the taxi drivers and the truckers union have threatened strikes; precisely to both sectors he sent a message of patience while those rates are normalized.
“When defining the priorities of social spending, we found that it was not paying the fuel subsidy. And if I dedicate myself to paying the money to pay the fuel subsidy with these levels I have to take money away from education, health and children “
He also ratified that this measure is unrelated to political decisions or those related to the electoral season, despite the freezing of prices in October, the month in which local and regional elections will take place. He even defended the price of gasoline (in some cities a gallon exceeds $13,000) and said that, despite the increases, it is one of the cheapest in Latin America.
For the month of July, the average price of a gallon of regular gasoline was as follows:
Villavicencio: $13,473Cali: $13,397Bogotá: $13,373Medellín: $9,372Manizales: $13,357Pereira: $13,340Ibagué: $13,308Cúcuta: $11,425Pasto: $11,116
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