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Colombia has kept fuel prices unchanged for five months despite Brent crude remaining above $90 per barrel. An energy-sector expert estimates that maintaining the diesel price could add up to COP 14 trillion to the fiscal deficit, while the price should rise COP 8,000 per gallon to reflect its economic cost.
Keeping diesel below its international reference price sustains a subsidy and shifts costs to public finances, companies, or consumers later. A price increase would raise transport and production costs, potentially adding upward pressure to feed and agricultural supply-chain expenses.
eltiempo.comLina Quiroga RubioNov 8, 2026After 90 past bullish policy events, ULSD / Diesel moved a median +1.4% over 5 sessions (66% higher; middle half -1.9% to +4.1%), and +0.1% over 20.
After 175 past neutral policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (45% higher; middle half -3.6% to +3.0%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
