Will the Government keep gasoline prices frozen for the next 3 months?
On September 30, the Ministries of Mines and Finance announced an average increase of $46 per gallon of regular gasoline for October, equivalent to 0.29% compared to the previous month. The Government explained that the adjustment was related to updating the price recognized for ethanol. However, on October 1, President Abelardo De La Espriella ordered the increase to be reversed and the price in effect in September to be maintained during October, while the Government seeks alternatives regarding the impact of international oil prices. Ministry of Mines and Energy. Sources: Presidency of Colombia, Ministry of Mines and Energy — September 30 and October 1, 2026.
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