# Leaving diesel prices unchanged could add up to COP 14 trillion to Colombia’s fiscal gap: price should rise COP 8,000 per gallon

> 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.

- Date: 2026-11-08 · published 2026-11-08T12:11:01.052Z
- Category: policy · region Colombia · magnitude medium
- Page: https://feedsoft.ai/events/87429-leaving-diesel-prices-unchanged-could-add-up-to-cop-14-trillion-to-colombia-s
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- BRENT: neutral
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-07-09 | [Russia Diesel Export Ban: Price Impact & Trade Shifts Russia's diesel export ban adds fresh fuel to rising prices \| Kpler - Jul 09, 2026](https://feedsoft.ai/events/12181-russia-diesel-export-ban-price-impact-and-trade-shifts-russia-s-diesel-export.md) | +7.7% | +3.3% |
| DIESEL | 2019-08-09 | [New diesel regs for maritime shippers could impact U.S. truck freight, diesel prices \| Commercial Carrier Journal](https://feedsoft.ai/events/57781-new-diesel-regs-for-maritime-shippers-could-impact-u-s-truck-freight-diesel.md) | +1.4% | +6.7% |
| DIESEL | 2018-09-02 | [Why Diesel Prices Are Set To Soar \| OilPrice.com](https://feedsoft.ai/events/63225-why-diesel-prices-are-set-to-soar-oilprice-com.md) | -0.9% | +7.6% |
| DIESEL | 2019-09-21 | [Biodiesel prices soar in Germany, up 30% compared to mid-August  : The Daily Digest](https://feedsoft.ai/events/57169-biodiesel-prices-soar-in-germany-up-30-compared-to-mid-august-the-daily-digest.md) | -2.4% | -2.0% |
| DIESEL | 2018-10-29 | [Airlines, trucking industry face sharp rise in fuel prices \| CBC News](https://feedsoft.ai/events/62737-airlines-trucking-industry-face-sharp-rise-in-fuel-prices-cbc-news.md) | -5.8% | -17.8% |
| BRENT | 2021-02-02 | [OPEC+ calm ahead of committee meeting as oil prices rise, but tough decisions loom \| S&P Global](https://feedsoft.ai/events/48555-opec-calm-ahead-of-committee-meeting-as-oil-prices-rise-but-tough-decisions.md) | +7.1% | +13.7% |
| BRENT | 2022-12-04 | [Algeria says OPEC+ decision to keep output unchanged appropriate](https://feedsoft.ai/events/38141-algeria-says-opec-decision-to-keep-output-unchanged-appropriate.md) | -11.4% | -5.6% |
| BRENT | 2024-07-19 | [OPEC+ not expected to change supply levels after market and price stabilisation - Offshore Technology](https://feedsoft.ai/events/29163-opec-not-expected-to-change-supply-levels-after-market-and-price-stabilisation.md) | -3.7% | -4.2% |

## Sources

- eltiempo.com: https://www.eltiempo.com/economia/sectores/no-tocar-el-diesel-sumaria-hasta-14-billones-al-hueco-fiscal-de-colombia-precio-deberia-subir-8-000-por-galon-3599236

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.