In order to cover the gap that the Fuel Price Stabilization Fund (FEPC)in July it went up again gasoline price in the country.
The average retail price of gasoline will be adjusted starting today at 600 pesos and will be located at an average of 12,964 pesos per gallon andn the 13 main cities of the country in July.
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The climbs would not stop. The idea of Finance Minister Ricardo Bonillais that the price continues to increase gradually until it reaches 16,000 pesos on average in all cities.

Finance Minister Ricardo Bonilla says that gasoline will rise to 16,000 pesos.
In Villavicencio it will be more expensive
For July where it will cost the most tanking your car is in villavicencio Well, gasoline is at 13,473 pesos per gallon; followed by Cali, at 13,397 pesos; and from Bogotá, 13,373 pesos.
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In Manizales the price of gasoline is 13,357 pesos, in Pereira 13,340 pesos and in Ibagué 13,308 pesos.
then follows Monteria (13,253 pesos), Bucaramanga (13,134 pesos), Barranquilla (13,044 pesos) and Cartagena (13,003 pesos).
The cheapest gasoline for July will be found in Pasto, since it can be purchased at 11,116 pesos per gallon; and in Cúcuta, at 11,425 pesos.
This is the complete list of the 13 cities:
(Figures in pesos per gallon)
– Villavicencio 13,473
– Cali 13,397
– Bogota 13,373
-Manizales 13,357
-Pereira 13,340
– Ibagué 13,308
– Medellin 13,306
– Hunting 13,253
-Bucaramanga 13,134
-Barranquilla 13,044
-Cartagena 13,003
– Cucuta 11,425
– Pasture 11,116
For its part, the average retail price of ACPM at the national level remains unchanged in July.
The reasons for the Government to raise gasoline
According to the Ministry of Finance, these measures are intended to reduce the significant fiscal impact on the public finances of the National Government due to the dynamics of international refined product prices, which present a significant gap compared to local prices.

Despite the increases, Colombia continues to have one of the most competitive gasoline and diesel prices in Latin America.
Oscar Berrocal. WEATHER Archive
It should be remembered that the FEPC deficit corresponded to 36.7 trillion pesos in 2022.
“In the case of not having counted on the operation of the fepc So far in 2023, the price of regular motor gasoline would have been, on average, more than 3,883 pesos above the current average sale price per gallon and diesel by more than 7,725 pesos, “says the portfolio of tax authorities.
Despite the increases, Colombia continues to have one of the most competitive gasoline and diesel prices in Latin America. The most expensive gasoline is found in Uruguay (29,456 Colombian pesos), followed by Chile (24,786 pesos). and Mexico (22,364 pesos).
