Minister of Energy and Mines Hernan Martinez torres of Colombia

Price freeze on gas, other fuels takes effect Thursday, runs through March Freeze is to give consumers a signal of stability, energy minister tells newspaper Gas prices can t rise or fall under the freeze, Hernan Martinez Torres says Price freeze doesn t affect propane; its price is set to drop 25 percent, paper reports -- Colombia will freeze prices for gasoline and other petrofuels through March, the government has announced.

All this is being done to give consumers a clear signal of stability, Minister of Mines and Energy Hernan Martinez Torres is quoted as saying in El Pais newspaper.

Martinez Torres said this was first of a series of MoUs with the Indian authorities which could be concluded between the two countries.