Fuels

Brazil's average diesel price to distributors climbed 40% in early March to R$ 5.36 per liter following intensified US and Israeli attacks on Iran, per ANP data. Pump prices rose 20% by late March. Building on the March 12 federal tax exemption, the Lula administration is pressuring fuel stakeholders to limit consumer pass-throughs and fast-tracking a diesel subsidy ahead of October elections.

March 26, 2026 Ti AI ṣe iroyin

President José Antonio Kast signed the decree promulgating the “Emergencia Energética, Chile Sale Adelante” law and used the ceremony to address youth mobilized over historic fuel price hikes. He urged not harming the country further and suggested protesting without using public transport.

Fuel prices in Brazil rose for the second consecutive week, according to ANP data released on March 13, 2026. Diesel saw an 11.8% increase, while gasoline rose 2.5%, reflecting the impacts of the war in Iran on international oil prices.

March 13, 2026 Ti AI ṣe iroyin

PT leaders are pushing measures in Congress to monitor fuel prices amid the Middle East war. They advocate for an external commission and do not rule out a CPI to probe cartels. They also seek to re-nationalize BR Distribuidora, privatized under the previous administration.

Building on Minister Palma's recent confirmation of progress, the Colombian government will reduce regular gasoline by 300 pesos per gallon from February 1, 2026. Finance Minister Germán Ávila confirmed the move closes the Fuel Prices Stabilization Fund (FEPC) gap with international prices, easing consumer costs.

January 16, 2026 Ti AI ṣe iroyin

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.