NewsLatin AmericaPetro announces a reduction in fuel subsidies in Colombia

Petro announces a reduction in fuel subsidies in Colombia

Gustavo Petro, President of Colombia – CHEPA BELTRAN / ZUMA PRESS / CONTACTOPHOTO

The president of Colombia, Gustavo Petro, announced this Sunday a rise in fuel prices due to the deficit of the Fuel Price Stabilization Fund.

“The fuel price stabilization deficit due to non-payment by the previous government is 10,000 million pesos per quarter. That is, almost 40,000 million annually. Almost half of the national budget deficit is produced by not raising the price of gasoline,” Petro explained through his Twitter account.

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Petro has also raised a national debate on hydrocarbon subsidies. “Is it worth subsidizing gasoline for 40,000 million when the infant mortality rate due to malnutrition doubles?” She has argued.

“Hunger and poverty are consequences of not raising gasoline prices and increasing the fund’s deficit. We say to gasoline consumers that we will return to the path of price growth and that the objective will be nothing more than to reduce the deficit irresponsibly accumulated. We will not touch ACPM derivatives,” Petro explained.

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Thus, he has proposed that Congress address this debate including the purchase of oil that Ecopetrol makes for the interior of the country at an international price.

Source: Europa Press


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