The Government continues with its policy to reduce the fiscal gap of the Fuel Price Stabilization Fund (FEPC), which at the end of the first quarter of 2023 reached 34.2 trillion pesos.
You can also read: Car sales in Colombia fall again: in May they fell 30.1%
For this reason, the Minister of Mines and Energy, irene velezannounced that as of June 1, the gallon of gasoline will rise a few 600 pesos in the country. For the second consecutive month the price of this fuel will rise this value.
With this new increase, gasoline is now more than 3,180 more expensive in the country compared to last year in September, just before this upward trend that had already lasted nine months began.
This is how the average price, taking into account the 13 main cities of Colombia, will be located at 12,364 pesos this month. Villavicencio continues to have the most expensive gallon, with a price of 12,873 pesos. Then Cali appears, where it can be obtained at 12,797 pesos; in Bogotá it will have a value of 12,773 pesos and in Medellín it will be 12,706 pesos.
He Finance Minister Ricardo BonillaHe assured that it is very likely that increases of 600 pesos for gasoline will also be announced in the following months because in this way the gap between national and international costs can be closed more quickly.
“In the case of not having had the operation of the FEPC, so far in 2023, the price of current motor gasoline would have been located, on average, at more than 4,200 pesos above the current average sale price per gallon and in diesel in more than 8,100 pesos”, assured the Ministry of Finance.
He Ministry of Mines and Energy it will also be guaranteed that from this month it will also begin to rise. Since last January it has remained at 9,065 pesos on average.
For the president of the Xua Energy Foundation, Julio César Vera, It is urgent that this fuel also begin to raise its cost, since it is the main problem of the FEPC deficit.
He explained that today its differential with the international price is 6,000 pesos per gallon, which has been sold reduced by the fall of the dollar and the summer season, where diesel falls in price versus gasoline. However, it continues to mean more than 1.1 trillion pesos a month in subsidies.
