IPC MEX 66,713.83 ▲ 0.89% USD/ARS1,478▼ 0.27% USD/UYU40.11▲ 1.23% USD/GTQ7.62▲ 2.33% USD/NIO36.62▲ 0.84% USD/JMD157.79▲ 0.73% COPPER 6.53 ▲ 0.31% GOLD 4,142 ▲ 1.74% SILVER 60.17 ▲ 2.26% COTTON 80.03 ▲ 3.44% BEEF 223.05 ▼ 1.53% BBDC4 18.55 ▲ 0.76% B3SA3 15.17 ▼ 0.59% PRIO3 58.18 ▲ 0.85% RENT3 36.55 ▼ 2.51% POSI3 3.68 ▼ 0.54% USIM5 8.46 ▲ 3.68% GGBR4 23.49 ▼ 0.55% RAIL3 13.24 ▼ 2.43% RDOR3 33.92 ▼ 4.32% HAPV3 11.24 ▼ 2.68% BBSE3 41.55 ▲ 1.22% AERI3 2.04 ▼ 1.45% GMEXICO 209.54 ▲ 4.34% GFNORTE 185.80 ▲ 3.22% BIMBO 59.39 ▼ 0.18% GAP 378.52 ▲ 0.09% COPEC 6,450 ▲ 4.03% BANCO CHILE 190.01 ▲ 0.03% TGS 9,710 ▲ 2.21% CEPU 2,340 ▲ 2.23% ECOPETROL 16.53 ▲ 3.09% BANCOLOMBIA 83.64 ▲ 3.49% SOUTHERN COPPER 188.01 ▲ 7.39% XP 16.85 ▲ 0.30% AMX ADR 26.09 ▼ 0.04% CEMEX ADR 12.70 ▲ 1.68% CSN 1.01 ▼ 0.50% ETH 1,928 ▲ 1.30% SOL 78.00 ▲ 0.27% ADA 0.17 ▲ 2.31% LTC 46.64 ▼ 1.47% XLM 0.19 ▲ 1.64% ATOM 1.49 ▼ 0.60% COLCAP 2,301.34 ▲ 0.13% SELIC 14.25% USD/BRL5.07▼ 0.31% USD/MXN17.39▼ 0.21% USD/CLP934.18▼ 0.03% USD/COP3,213▼ 1.69% USD/PEN3.40▲ 0.24% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.02▲ 0.31% USD/CRC446.12▲ 1.15% USD/HNL26.74▲ 1.61% USD/VES735.39▼ 0.13% EUR/BRL5.79▼ 1.16% PETR4 41.66 ▲ 1.24% VALE3 72.24 ▲ 0.43% ITUB4 42.53 ▲ 0.54% ABEV3 15.80 ▲ 0.06% BBAS3 20.88 ▲ 3.52% WEGE3 42.47 ▼ 1.53% SUZB3 41.63 ▼ 0.62% AZZA3 17.48 ▼ 3.80% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.73 ▲ 5.00% GMAT3 3.83 ▼ 0.52% PSSA3 53.48 ▼ 1.33% CVCB3 1.12 ▲ 3.70% SLCE3 13.75 ▲ 1.33% NATU3 8.71 ▲ 0.93% BRKM5 5.71 ▼ 3.87% RANI3 7.89 ▼ 1.25% CSNA3 5.06 ▼ 0.20% CMIN3 5.58 ▲ 3.53% ENEV3 25.42 ▼ 0.90% CPFE3 46.40 ▲ 0.17% CMIG4 11.02 — 0.00% EQTL3 38.83 ▼ 1.17% EMBRAER 82.65 ▼ 0.77% EMBRAER ADR 65.47 ▼ 0.70% JBS 11.95 ▼ 0.67% JBS BDR 60.22 ▼ 0.94% MBRF3 15.11 ▲ 4.06% MBRFY 2.95 ▲ 1.37% LREN3 13.27 ▼ 0.30% VIVT3 35.80 ▲ 0.36% KLABIN 17.59 ▲ 0.63% RAIA DROGASIL 18.13 ▼ 3.00% FLRY3 16.55 ▼ 0.06% SMTO3 15.58 ▲ 1.10% UGPA3 31.82 ▲ 0.38% VBBR3 33.95 ▼ 0.47% BPAC11 55.37 ▼ 0.84% CURY3 29.95 ▼ 0.80% PAGSEGURO 9.58 ▲ 3.12% VIVARA 21.41 ▼ 2.50% TECNOGLASS 45.15 ▼ 2.08% INTER 5.58 ▼ 0.71% COMPASS 24.44 ▼ 0.65% VAMOS 3.09 — 0.00% SANB11 27.21 ▲ 2.78% ASAI3 8.25 ▲ 1.35% SBSP3 28.60 ▼ 1.31% WALMEX 49.12 ▼ 0.53% FEMSA 226.99 ▲ 0.01% CEMEX 22.07 ▲ 0.87% TELEVISA 9.70 ▼ 0.10% AMX 22.76 ▲ 0.09% ASUR 274.96 ▲ 0.22% OMA 225.89 ▼ 0.24% KOF 181.05 ▲ 0.13% GRUMA 282.60 ▼ 1.74% KIMBER 38.40 ▲ 0.03% SQM-B 64,540 ▲ 1.80% BSANTANDER 79.01 ▲ 3.84% FALABELLA 5,919 ▲ 0.75% ENELAM 84.53 ▲ 0.50% CENCOSUD 2,028 ▲ 1.14% CMPC 1,084 ▼ 0.38% LATAM AIR 24.20 ▼ 0.66% YPF 80,625 ▲ 1.80% GGAL 7,965 ▲ 1.53% PAMPA 5,475 ▲ 3.89% TXAR 679.00 ▲ 1.27% ALUAR 973.00 ▲ 1.41% MIRGOR 16,775 ▼ 2.04% COME 42.87 ▼ 0.19% LOMA NEGRA 3,605 ▲ 0.91% BYMA 292.25 ▼ 0.51% TELECOM ARG 4,255 ▲ 2.65% GRUPO AVAL 5.09 ▲ 2.83% CREDICORP 391.10 ▲ 1.10% BUENAVENTURA 31.25 ▲ 3.96% MERCADOLIBRE 1,823 ▼ 0.53% NUBANK 14.39 ▲ 2.86% STONE 11.26 ▲ 1.21% GLOBANT 32.10 ▼ 0.59% GAP AIRPORT 217.68 ▲ 0.26% OMA AIRPORT 104.23 ▲ 0.21% FEMSA ADR 130.35 ▲ 0.26% PETROBRAS ADR 18.54 ▲ 1.92% VALE ADR 14.25 ▲ 1.06% ITAU ADR 8.40 ▲ 0.96% SANTANDER BR 5.40 ▲ 0.56% AMBEV ADR 3.11 ▲ 0.97% GERDAU 4.64 ▼ 0.85% LATAM ADR 51.58 ▼ 0.31% BTC 66,217 ▲ 1.51% XRP 1.14 ▲ 2.43% BNB 571.26 ▲ 0.09% DOGE 0.07 ▲ 1.54% AVAX 6.57 ▼ 0.09% LINK 8.68 ▲ 1.15% DOT 0.85 ▲ 3.37% BCH 224.99 ▲ 2.31% TRX 0.33 ▲ 0.58% HBAR 0.07 ▲ 5.63% NEAR 1.92 ▼ 2.66% AAVE 96.60 ▲ 7.60% IPSA 10,954.04 ▲ 0.52% IPC MEX 66,713.83 ▲ 0.89% USD/ARS 1,478 ▼ 0.27% USD/UYU 40.11 ▲ 1.23% USD/GTQ 7.62 ▲ 2.33% USD/NIO 36.62 ▲ 0.84% USD/JMD 157.79 ▲ 0.55% COPPER 6.53 ▲ 0.31% GOLD 4,142 ▲ 1.74% SILVER 60.17 ▲ 2.26% COTTON 80.03 ▲ 3.44% BEEF 223.05 ▼ 1.53% BBDC4 18.55 ▲ 0.76% B3SA3 15.17 ▼ 0.59% PRIO3 58.18 ▲ 0.85% RENT3 36.55 ▼ 2.51% POSI3 3.68 ▼ 0.54% USIM5 8.46 ▲ 3.68% GGBR4 23.49 ▼ 0.55% RAIL3 13.24 ▼ 2.43% RDOR3 33.92 ▼ 4.32% HAPV3 11.24 ▼ 2.68% BBSE3 41.55 ▲ 1.22% AERI3 2.04 ▼ 1.45% GMEXICO 209.54 ▲ 4.34% GFNORTE 185.80 ▲ 3.22% BIMBO 59.39 ▼ 0.18% GAP 378.52 ▲ 0.09% COPEC 6,450 ▲ 4.03% BANCO CHILE 190.01 ▲ 0.03% TGS 9,710 ▲ 2.21% CEPU 2,340 ▲ 2.23% ECOPETROL 16.53 ▲ 3.09% BANCOLOMBIA 83.64 ▲ 3.49% SOUTHERN COPPER 188.01 ▲ 7.39% XP 16.85 ▲ 0.30% AMX ADR 26.09 ▼ 0.04% CEMEX ADR 12.70 ▲ 1.68% CSN 1.01 ▼ 0.50% ETH 1,928 ▲ 1.30% SOL 78.00 ▲ 0.27% ADA 0.17 ▲ 2.31% LTC 46.64 ▼ 1.47% XLM 0.19 ▲ 1.64% ATOM 1.49 ▼ 0.60% COLCAP 2,301.34 ▲ 0.13% SELIC 14.25% USD/BRL 5.07 ▼ 0.31% USD/MXN 17.39 ▼ 0.21% USD/CLP 934.18 ▼ 0.03% USD/COP 3,213 ▼ 1.69% USD/PEN 3.40 ▲ 0.24% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.02 ▲ 0.31% USD/CRC 446.12 ▲ 1.15% USD/HNL 26.74 ▲ 1.61% USD/VES 735.39 ▼ 0.13% EUR/BRL 5.79 ▼ 1.16% PETR4 41.66 ▲ 1.24% VALE3 72.24 ▲ 0.43% ITUB4 42.53 ▲ 0.54% ABEV3 15.80 ▲ 0.06% BBAS3 20.88 ▲ 3.52% WEGE3 42.47 ▼ 1.53% SUZB3 41.63 ▼ 0.62% AZZA3 17.48 ▼ 3.80% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.73 ▲ 5.00% GMAT3 3.83 ▼ 0.52% PSSA3 53.48 ▼ 1.33% CVCB3 1.12 ▲ 3.70% SLCE3 13.75 ▲ 1.33% NATU3 8.71 ▲ 0.93% BRKM5 5.71 ▼ 3.87% RANI3 7.89 ▼ 1.25% CSNA3 5.06 ▼ 0.20% CMIN3 5.58 ▲ 3.53% ENEV3 25.42 ▼ 0.90% CPFE3 46.40 ▲ 0.17% CMIG4 11.02 — 0.00% EQTL3 38.83 ▼ 1.17% EMBRAER 82.65 ▼ 0.77% EMBRAER ADR 65.47 ▼ 0.70% JBS 11.95 ▼ 0.67% JBS BDR 60.22 ▼ 0.94% MBRF3 15.11 ▲ 4.06% MBRFY 2.95 ▲ 1.37% LREN3 13.27 ▼ 0.30% VIVT3 35.80 ▲ 0.36% KLABIN 17.59 ▲ 0.63% RAIA DROGASIL 18.13 ▼ 3.00% FLRY3 16.55 ▼ 0.06% SMTO3 15.58 ▲ 1.10% UGPA3 31.82 ▲ 0.38% VBBR3 33.95 ▼ 0.47% BPAC11 55.37 ▼ 0.84% CURY3 29.95 ▼ 0.80% PAGSEGURO 9.58 ▲ 3.12% VIVARA 21.41 ▼ 2.50% TECNOGLASS 45.15 ▼ 2.08% INTER 5.58 ▼ 0.71% COMPASS 24.44 ▼ 0.65% VAMOS 3.09 — 0.00% SANB11 27.21 ▲ 2.78% ASAI3 8.25 ▲ 1.35% SBSP3 28.60 ▼ 1.31% WALMEX 49.12 ▼ 0.53% FEMSA 226.99 ▲ 0.01% CEMEX 22.07 ▲ 0.87% TELEVISA 9.70 ▼ 0.10% AMX 22.76 ▲ 0.09% ASUR 274.96 ▲ 0.22% OMA 225.89 ▼ 0.24% KOF 181.05 ▲ 0.13% GRUMA 282.60 ▼ 1.74% KIMBER 38.40 ▲ 0.03% SQM-B 64,540 ▲ 1.80% BSANTANDER 79.01 ▲ 3.84% FALABELLA 5,919 ▲ 0.75% ENELAM 84.53 ▲ 0.50% CENCOSUD 2,028 ▲ 1.14% CMPC 1,084 ▼ 0.38% LATAM AIR 24.20 ▼ 0.66% YPF 80,625 ▲ 1.80% GGAL 7,965 ▲ 1.53% PAMPA 5,475 ▲ 3.89% TXAR 679.00 ▲ 1.27% ALUAR 973.00 ▲ 1.41% MIRGOR 16,775 ▼ 2.04% COME 42.87 ▼ 0.19% LOMA NEGRA 3,605 ▲ 0.91% BYMA 292.25 ▼ 0.51% TELECOM ARG 4,255 ▲ 2.65% GRUPO AVAL 5.09 ▲ 2.83% CREDICORP 391.10 ▲ 1.10% BUENAVENTURA 31.25 ▲ 3.96% MERCADOLIBRE 1,823 ▼ 0.53% NUBANK 14.39 ▲ 2.86% STONE 11.26 ▲ 1.21% GLOBANT 32.10 ▼ 0.59% GAP AIRPORT 217.68 ▲ 0.26% OMA AIRPORT 104.23 ▲ 0.21% FEMSA ADR 130.35 ▲ 0.26% PETROBRAS ADR 18.54 ▲ 1.92% VALE ADR 14.25 ▲ 1.06% ITAU ADR 8.40 ▲ 0.96% SANTANDER BR 5.40 ▲ 0.56% AMBEV ADR 3.11 ▲ 0.97% GERDAU 4.64 ▼ 0.85% LATAM ADR 51.58 ▼ 0.31% BTC 66,217 ▲ 1.51% XRP 1.14 ▲ 2.43% BNB 571.26 ▲ 0.09% DOGE 0.07 ▲ 1.54% AVAX 6.57 ▼ 0.09% LINK 8.68 ▲ 1.15% DOT 0.85 ▲ 3.37% BCH 224.99 ▲ 2.31% TRX 0.33 ▲ 0.58% HBAR 0.07 ▲ 5.63% NEAR 1.92 ▼ 2.66% AAVE 96.60 ▲ 7.60% IPSA 10,954.04 ▲ 0.52%
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Wednesday, July 22, 2026

Fueling Friction: Colombia’s Diesel Price Crisis

By · September 4, 2024 · 2 min read

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In 2018, Gustavo Petro transformed his electoral defeat into a call for activism, promising to lead protests from the streets rather than from the Senate.

This marked a dramatic shift from his conservative predecessor, Iván Duque, and set the tone for Petro’s political approach—mobilizing public opinion against governmental decisions.

Today, as Colombia’s president, Petro faces a striking challenge that pits his past against his present.

He has approved diesel price increases, a decision that ignites widespread trucker strikes across the nation. This scenario places him in direct opposition to the very movements he once championed.

The truckers’ strike, triggered by rising fuel costs, is a significant development given Colombia’s heavy reliance on truck-based transportation.

The increase in diesel prices was meant to address a severe fiscal deficit but instead sparked fears of rising inflation in a critical sector of the economy.

Fueling Friction: Colombia's Diesel Price Crisis
Fueling Friction: Colombia’s Diesel Price Crisis. (Photo Internet reproduction)
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As roadblocks spread and cities brace for disruptions, the government has so far avoided forceful interventions. This marks a departure from the violent clashes seen in previous years under Duque’s administration.

This softer approach by Petro reflects a nuanced stance from Colombia‘s first leftist president in modern times, seeking to balance economic necessity with social stability.

Petro’s Political and Economic Test

Meanwhile, the government’s negotiations with the truckers have stalled. Despite numerous meetings, the administration’s refusal to adjust the diesel pricing formula has led to a standoff.

The truckers argue that the formula, which ties local prices to international rates, unfairly inflates costs, particularly when the nation does not import diesel.

The protests underscore a critical juncture for Petro. They test his ability to navigate the complex terrain of governance, where economic policy impacts are immediate and palpable.

The diesel crisis reveals the tension between fiscal management and the economic realities of everyday Colombians. This is especially true for those whose livelihoods depend on stable fuel prices.

In essence, this unfolding drama encapsulates the paradox of leadership: the challenge of aligning past promises with present responsibilities.

For Petro, the truckers’ strike is not just a policy dispute; it’s a profound test of his political consistency. This moment could be pivotal in defining his presidency.

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