The Colombian Ministry of Mines and Energy on Tuesday announced that gasoline and diesel prices for May are at the second lowest level in the past 17 months.
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Diesel in Colombia’s capital experienced a $0.07 per gallon decrease compared to April, with this months price set at $4.45 per gallon in May.
In March Colombia’s trucking association (ACC) went on strike for four days until the government agreed to lower the price of gasoline by $0.087 cents per gallon.
MORE: Colombia truckers end strike after deal with govt
In Colombia the Ministry of Mines and Energy have the power to manipulate fuel prices. However in April a lawsuit was filed with the Constitutional Court against the government’s right to artificially fix fuel prices.