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Colombia News | Colombia Reports
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Economy

Colombia lowers gasoline prices

by Hannah Mead May 1, 2013

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.

The price for gasoline in Bogota this May was set at $4.72 per gallon, marking a reduction of $0.08 on the previous month. 

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.

Source

  • Precio de la gasolina y el ACPM en Colombia para Mayo de 2013 (Minminas)
  • Demandan facultad para que Minminas no fije precios de combustibles (El Espectador)
gasolineMinistry of Mines and Energy

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