The drop in the price of gasoline in Colombia will begin to be felt starting next February. This was confirmed by the Minister of Finance, Germán Ávila, who announced that the National Government will apply an initial reduction of $300 pesos per gallon throughout the national territory, after closing the deficit of the Fuel Price Stabilization Fund (FEPC).

According to the head of the economic portfolio, the decision responds to the fact that the value that Colombians currently pay for fuel is above international prices.

Ávila explained that factors such as the fall of the dollar and the decrease in the price of oil have generated the necessary margin to begin the downward adjustment without affecting public finances.

The announcement comes after the Minister of Mines and Energy, Edwin Palma, confirmed that the FEPC deficit was cleaned up, which allows the price of gasoline to be corrected without resorting to new debt.

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According to the Government, subsidies accumulated for years that forced the value of fuel to increase to stabilize fiscal accounts, a process that is now beginning to be reversed.

Ávila indicated that the measure was evaluated together with President Gustavo Petro and Ecopetrol, and highlighted that it is an action with a counterinflationary impact, which could alleviate the cost of living and improve the spending capacity of households, especially after the increase in the minimum wage for 2026.

With the reduction of $300 pesos, the average prices would remain, approximately, at $16,191 pesos in Bogotá, $16,112 in Medellín, $16,202 in Cali, $15,826 in Barranquilla and $15,783 in Cartagena. However, the authorities clarified that these values ​​may vary depending on taxes and logistical costs in each city.

The Executive reiterated that the decrease will be progressive, similar to how the increases were made in previous years.

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