Gasoline price in Colombia rises $375 per gallon

From April 1, 2026, gasoline prices in Colombia rose by $375 per gallon, lifting the national average to $15,449. In Cali, prices are around $15,900, with diesel up $81 per gallon. The increase reverses prior cuts timed with legislative elections, prompting political debate.

The Ministry of Mines and Energy announced the fuel price hike effective April 1, 2026. Regular gasoline reached a national average of $15,449 per gallon, up $375 from the previous period. In cities like Cali, the price stands around $15,900 per gallon, impacting transportation costs and daily life.

Diesel, or ACPM, saw an average increase of $81 per gallon, adding strain to cargo and passenger transport sectors. This follows two consecutive gasoline price cuts earlier in 2026, which aligned with the legislative elections period.

Political sectors and social media users have questioned those prior reductions, implying a strategic motive now undone by the new rise. Authorities cite factors including the international crude oil price exceeding $100 per barrel amid global tensions, plus production, transport, distribution, and tax costs.

The Fuel Price Stabilization Fund faces pressures from these international fluctuations, aiming to cushion their effect on the local market.

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Realistic depiction of Colombia's second $500 gasoline price cut, showing joyful locals refueling at a Bogotá gas station with updated lower prices on display.
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Colombia enacts second $500 gasoline price cut from March 1 after ministerial confirmation

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Mines and Energy Minister Edwin Palma signed a resolution for a $500 per gallon gasoline price reduction effective March 1, 2026—the second consecutive cut following February's drop—bringing the average price in Colombia's 13 main cities to $15,057. The move, confirmed days earlier by Finance Minister Germán Ávila, aims to ease economic pressures amid Fuel Prices Stabilization Fund (Fepc) improvements.

With the price increase effective from January 1, 2026, Cali ranks as Colombia's second city with the most expensive fuel, just behind Villavicencio. In the Valle del Cauca capital, a gallon of regular gasoline costs $16,502, while ACPM reaches $11,424, sparking concern among transporters and users.

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From January 1, 2026, Colombia rolls out adjustments to gasoline and ACPM prices, with average increases of $90 and $99 per gallon, respectively. The Energy and Gas Regulation Commission (CREG) released the update, which varies by city due to transportation and distribution costs. National averages stand at $16.057 for gasoline and $10.984 for ACPM.

Gasoline and diesel prices rose moderately in South Korea on Sunday as the government considers adopting a price cap system amid concerns over rising energy prices due to the escalating Middle East conflict. According to the Korea National Oil Corp., the nationwide average gasoline price reached 1,893.3 won ($1.27) per liter, up 3.9 won from the previous day, while diesel increased 4.8 won to 1,915.4 won per liter.

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Neiva's city hall raised public bus fares starting January 1, factoring in inflation and reduced passenger demand. At the same time, the Energy and Gas Regulation Commission increased national reference prices for gasoline and diesel.

The escalation of the Iran war is driving up oil prices and causing noticeable increases at German gas stations. Diesel now costs an average of 2.04 euros per liter, gasoline 1.94 euros. Politicians are calling for government interventions against rising fuel costs.

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Colombia's Minister of Mines and Energy, Edwin Palma, confirmed the government's efforts to stabilize the Fuel Prices Stabilization Fund (FEPC) and proceed with a gradual adjustment to the gasoline price. This follows President Gustavo Petro's announcement of a fuel price reduction. The minister stated that the exact amount of the cut will be announced on February 1.

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