Minminas said the countrywide increase would be $ 150, driven by international crude oil prices and exchange rate devaluation.
The mining and energy ministry said that by July the difference in gasoline and diesel gallon would be $ 150 across the country.
He reported that the reference price for gasoline in Barranquilla was set at 9,445 dollars per gallon. That means fuel has risen by 149 dollars a gallon compared to the last increase, which was in March for $ 9,296.
As far as the ACPM reference price is concerned, it was set at $ 8,952, which means that there was an increase in value of exactly $ 150, as in March the cost per gallon was $ 8,802.
He assured that the new value of fuel is due to international oil prices and exchange rate devaluation.
So far in 2019 Brent has risen from $ 58 / Br to $ 62 / Br, while the exchange rate has seen an increase of an average of $ 3,200 to $ 3260. For the same period in 2018, Brent has increased its value from $ 55 / Br to 58 USD / Br, while the exchange rate has risen on average from $ 3,000 to $ 3,200.
He added that the differences in fuel prices were established by the Ministry of Finance and Public Credits and the Ministry of Mines and Energy, according to Art. 35 of the National Development Plan.
The ministry said that "furthermore, it is important to bear in mind that there has been no increase in fuel prices since last March."