Is Bogota Getting More Expensive?

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2 Responses

  1. Andy says:

    I know what you’re saying but Colombia is not an “oil country”, and just because a barrel of Oil is cheap worldwide does not necessarily correlate to cheap gas prices in all countries.
    In LATAM, Venezuela, Brazil, Argentina, Mexico, and Ecuador (yes!!! Ecuador), have more oil reserves than Colombia.
    Therefore, gas is still expensive in Colombia for that reason, and also because the government doesn’t subsidize gasoline like Venezuela, for example.
    If it did, Colombia would be broke-ass just like Venezuela. Coincidentally, Venezuela just raised gas prices 6000% to try to get in some revenues to combat the economic recession.

    • bogotastic says:

      For your information, Petroleum is Colombia’s main export, making over 45% of Colombia’s exports.

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