President Gustavo Petro stated that it is possible to close the gap in gasoline prices this Thursday and thus end the subsidy.. “An eventual increase awaits us and from there the price will fluctuate according to the fluctuations in the international price,” he said.
(You can read: Petro responded to the Senate president with an accusation that increased tensions)
The President thanked “the patience and good will of the public who consume this product.” He later stated that closing the deficit would increase the financial stability of the state.Finally, President Petro proposed “opening passageways” for vehicles that do not use gasoline, a thesis he has persistently defended both throughout his government and in international settings.
It is important to note that the price of a gallon of gasoline has increased for Colombians every month since October last year. By November, the average selling price of a gallon increased by $600 to $14,564.
The decision to make these monthly increases was taken to close the financial deficit of 34.2 trillion pesos that the Fuel Price Stabilization Fund (Fepc) has as of the first quarter of 2021.
The president explained at the time that the deficit was so large because refinery capacity in Colombia decreased in the second half of 2022 and at the same time international oil and gasoline prices increased.
“The difference is 100 billion pesos accumulated between 2020 and 2025. In 2022, the deficit was 37 billion pesos and we planned for it to be 17.8 billion pesos by 2023,” Hacienda Minister Ricardo Bonilla said in an interview at the beginning. At EL TIEMPO in November.
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October 1, 2022: $200
2. November 2022: $200
3. December 2022: $200
4. January: $400
5. February: $250
6. March: $400
7. April: $400
8. May $600
9. June: $600
10. July: $600
11. August: $600
12. September: $400
13. November: $600.
POLITICAL DESIGN
Source: Exame
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