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Government announces 300-peso gasoline price cut starting February 1
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Building on Minister Palma's recent confirmation of progress, the Colombian government will reduce regular gasoline by 300 pesos per gallon from February 1, 2026. Finance Minister Germán Ávila confirmed the move closes the Fuel Prices Stabilization Fund (FEPC) gap with international prices, easing consumer costs.
Colombia's Ministry of Mines and Energy issued a resolution to cut gasoline prices by $500 per gallon starting February 1, 2026, while diesel remains stable. The measure aims to address the deficit in the Fuel Price Stabilization Fund (Fepc). Minister Edwin Palma countered criticisms on the inherited debt, stating that the $70 billion figure represents cumulative payments over six years.
Riportato dall'IA
Colombia's Finance Minister Germán Ávila announced that the gasoline price will decrease by $500 per gallon starting February 1, 2026. This reduction exceeds the initial projection of $300 and is part of an anti-inflationary strategy. The government plans further adjustments to ease household economics.