De la Espriella Reverses October Gasoline Price Hike
President Abelardo de la Espriella ordered the Ministry of Mines and Energy to reverse the gasoline price increase that the Government of Colombia had announced just one day earlier for October. The adjustment called for an average increase of $46 (US$0.014) per gallon, equivalent to 0.29% compared with the price in effect during September. The […]
President Abelardo de la Espriella has ordered the reversal of a planned gasoline price increase for October in Colombia. The government had initially announced that there would be an average increase of $46 (US$0.014) per gallon, or 0.29%, compared to September's prices. However, after learning about the upcoming increase on October 1, de la Espriella directed the Ministry of Mines and Energy to reverse the decision.
The president emphasized that his primary responsibility is to the citizens, and he stressed the need for transparent communication when difficult measures are necessary. The reversal comes as the government seeks alternative solutions to address fluctuations in international oil prices and their impact on gasoline prices.
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