BOGOTA, Colombia (CNN) -- Colombia will freeze prices for gasoline and other petrofuels through March, the government has announced.



Hernan Martinez Torres, in a photo from September, says gas prices will be frozen in Colombia through March.



The freeze takes effect Thursday and sets prices at December levels, the minister of mines and energy said Monday.



The measure will be funded through a $170 million Fund for the Stabilization of Prices for Combustibles, which goes into effect January 1, a release on the Colombian president's Web site says.



"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.



Gas prices also will not decrease, although there has been a significant drop in crude oil prices in the past few months, Martinez said.



The price freeze pertains to gasoline, biogasoline (oxygenated gasoline), a product called ACPM (combustible oil for motors), and the mix of ACPM and biodiesel.



For the time being, El Pais said, only propane will see a decrease in price, with the price going down 25 percent. It's the second price drop for propane, which decreased 10 percent in November.
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question: What can't gas prices do under a freeze?, answer: will not decrease, | question: When does the price freeze take effect?, answer: Thursday | question: Who says gas prices can't rise or fall under the freeze?, answer: Hernan Martinez Torres, | question: How much is propane's price set to drop?, answer: 25 percent. | question: What doesn't the price freeze affect?, answer: propane | question: What is the point of the gas freeze?, answer: to give consumers a clear signal of stability," | question: What doesn't get affected by the price freeze?, answer: propane | question: What did the energy minister say the freeze gives consumers?, answer: a clear signal of stability," | question: The price of what is being froen?, answer: gasoline and other petrofuels | question: Who is Hernan Martinez Torres?, answer: Minister of Mines and Energy