Colombia holds November gasoline and diesel reference prices unchanged
Published · Updated
What happened
Colombia's Ministry of Mines and Energy and Ministry of Finance announced that November 2026 reference prices for gasoline and ACPM diesel will stay unchanged nationwide. The ministries said higher international prices would be absorbed through the Fuel Price Stabilization Fund at an estimated cost of COP 15.5 billion.
Why it matters
The announcement alters the near-term pass-through of international fuel prices into domestic transport and logistics costs. It also adds a new monthly burden to the Fuel Price Stabilization Fund, linking inflation management to public-finance execution.
On October 30, Colombia's Ministry of Mines and Energy and Ministry of Finance announced that nationwide reference prices for gasoline and diesel will remain unchanged in November 2026 despite higher international fuel prices. The ministries said the decision will transfer an estimated COP 15.5 billion cost to the Fuel Price Stabilization Fund. The move is a concrete intervention in fuel-price pass-through at the start of a new month, with near-term implications for transport costs, inflation management, and fiscal burden.
Watch for
Ministry of Mines and Energy publication of the November 2026 fuel-price resolution in the next 72 hours Ministry of Finance disclosure on FEPC financing or cash-flow treatment by 2026-11-03 Ecopetrol wholesale fuel price bulletin for November 2026 showing unchanged domestic reference levels DANE market price reporting in the first week of November showing retail pump prices tracking the announced hold
Sources
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