Colombia has one of the cheapest gasoline in the world: this is the value compared to other countries

In Colombia since September 2022, there have been increases in the fuels. The variation is presented every month and it is already starting to have some effects in terms of inflation. Energy prices in general have increased, despite state controls, but despite the fact that these values ​​​​can be very high for citizens, if we compare international prices, the country has one of the cheapest fares in the world. Latin Americaeven on a global scale.

With the official rates, which Colombia are presented and set by the Energy and Gas Regulatory Commission (Craig), we see that the average price of a gallon of gasoline is 10,399 pesos, while that of diesel is $9,065. This is the highest rate in the country’s history, and as the national government has already announced, the increases will continue to occur in the months to come, as the deficit of the FFuel Price Stabilization Fund (FEPC).

However, the portal World gasoline prices It collects prices per liter (or gallon depending on how far you want to see) of fuels and energy internationally. Colombia It is the number 15 country with the cheapest (regular) gasoline in the world, the data update was made with January prices.

Globally, per gallon and with values ​​in Colombian pesos, the cheapest regular gasoline is in Venezuela ($286,520), follows Libya with $564,394, Iran sets it at $965,711 and Angola with $5,735,884; the latter with a considerable difference compared to the first nations.

According to the portal, Colombia has a gallon of regular gasoline at 10,399,013 pesos, if the list was only made with Latin American countries, the country would have the third cheapest price behind Venezuela there Boliviathe latter country has the rate set at $9,795,058.

“The average price of gasoline in the world is 23,538.91 (Colombian pesos) per gallon. There is a substantial difference in these prices between different countries. As a general rule, the richest countries have the highest prices, while the poorest countries and the oil producing and exporting countries have significantly lower prices. The exception is the United States, an economically advanced country where gasoline prices are low. Price differences between countries are due to different gasoline taxes and subsidies. All countries have access to the same oil prices on international markets, but different taxes are imposed. As a result, gasoline prices are different,” says Global Petrol Prices.

He CMPA has a slightly different behavior. This fuel designed for transport vehicles also in Colombia is one of the most economical. In fact, it’s cheaper than gasoline. According to Craiga gallon of diesel it is 9,065 pesos, more than $1,000 less than the current one.

According World gasoline pricesthe gallon of diesel in Colombia it costs 9,064,997 pesos, with this price it ranks 14th in the country with the cheapest gallon. The cheapest is Iran with $193,142, follows Venezuela with $286,520 and Libya with $564,394.

At the regional level, after Venezuela, Ecuador with 8,358,124 pesos, in third place, is Colombia and in fourth place would be Bolivia with $9742,678.

For both fuels, the country or location with the most expensive price is hong konga gallon of regular gasoline costs 53,186,054 pesos, while that of CMPA it is reached at $47,911,213.