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Gasoline: from when will the government of Gustavo Petro begin the increase – Personal Finance – Economy

The increase is necessary to face a large deficit due to the existing subsidy.

The increase is necessary to face a large deficit due to the existing subsidy.

The Finance Minister said that initially the increases will be small and in 2023 their amount will rise.

Find the validation of El Cazamentiras at the end of the news.

After the president Gustavo Petro reconfirmed over the weekend the need to make an increase in the prices of gasoline and diesel, to balance the deficit foreseen in the Fuel Stabilization Fund (Fepc), it is known when the readjustments would begin.

In this sense, this Tuesday the Finance Minister Jose Antonio Ocampoat the end of the approval of the amount of the General Budget of the Nation for 2023, indicated that the increases will be resumed in October, after the Duque government made the first increases indicated in the Medium-Term Fiscal Framework (Mfmp) in July.

“The other month we will begin to make small increases initially, so as not to affect inflation, which is very high, and next year, when the other items of inflation begin to fall, we will be able to make the adjustment a little faster, which will be brutal because the deficit is huge,” the official said.

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