The price for gasoline in Bogota this May was set at $4.72 per gallon, marking a reduction of $0.08 on the previous month.
Diesel in Colombia’s capital experienced a $0.07 per gallon decrease compared to April, with this months price set at $4.45 per gallon in May.
In March Colombia’s trucking association (ACC) went on strike for four days until the government agreed to lower the price of gasoline by $0.087 cents per gallon.
In Colombia the Ministry of Mines and Energy have the power to manipulate fuel prices. However in April a lawsuit was filed with the Constitutional Court against the government’s right to artificially fix fuel prices.
Source: Colombia Reports