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This Monday, September 19, the Minister of Finance, José Antonio Ocampo, confirmed that the gasoline price will have a $200 increase each month starting in October. In other words, in 2022 three increases would be made, with which the price of gasoline would rise $600 until the end of the year.
(See: Gas Hike: Follow These Tips to Reduce Your Consumption.)
With this in mind, the national price would go from $9,180, as established in July, to the $9,380 in October. And I would close the year in $9,750.
It should be remembered that this increase is applied to the income to the producer ($5,065) and other costs are subsequently applied to this, such as local taxes, so the prices mentioned are tentative.
(See: Mintransporte evaluates gasoline subsidy for people transport).
In the case of diesel, President Gustavo Petro reported that its price would not be raised. This being the case, inflation would not be so strongly affected, given that this type of energy is the one used by freight transport to mobilize foods, which would be hit with a possible rise.
The increase in the price of gasoline is aimed at reduce the deficit of the Fuel Price Stabilization Fund, which between January and August already amounts to $24.7 billion, according to Carf. That is, the same figure that pursues tax reform.
(See: What taxes are paid for each gallon of gasoline in Colombia).
At the end of the year, this deficit would reach $38 billion. However, since diesel prices were not affected, the correction would be only partial, since each fuel represents almost half of the deficit, explained Andrés Velasco, director of the Autonomous Committee of the Fiscal Rule.
Stronger increases are expected in 2023 in fuel prices, once inflation begins to subside, Minister Ocampo explained in recent days.
(See: What is known about the gasoline subsidy they would create for motorcycles).
(See: Rise in gasoline and high inflation: what exits are there for the country).
BRIEFCASE
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