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Colombian President Gustavo Petro reignited debate over the impact of fuel subsidies on public finances, declaring that the nation’s fiscal deficit will ultimately be paid either through higher taxes or more expensive gasoline.

The government of President Gustavo Petro may be running out of room to finance itself through Treasury Securities (TES), according to a recent report by Banco Itaú.

Ecopetrol (NYSE: EC) has once again contradicted President Gustavo Petro’s claims that the government’s massive fuel subsidy bill is responsible for Colombia’s fiscal deficit.

Interior Minister (MinInterior) Armando Benedetti addressed the fate of two key political projects from the Petro administration: tax reform and healthcare reform.

During the 2025 F-AIR aerospace fair in Rionegro, a significant study on sustainable aviation fuel (SAF) in Latin America was presented by researchers from MIT’s Center for Science and Strategy for Sustainability.

The Petro administration launched a sweeping initiative to tighten technical oversight and enforce labor standards across Colombia’s retail fuel stations.

The Petro administration is moving forward with plans to increase the price of diesel for certain vehicle categories in Colombia, according to a draft decree released by the Ministries of Finance (MinHacienda) and Energy (MinEnergia).

Fuel sales in Colombia’s service stations are showing signs of recovery, according to the latest quarterly report from the Confederation of Retail Fuel and Energy Distributors (Comce).

Rumors about the possible implementation of self-service fuel stations in Colombia have been firmly denied by major industry associations. Following concerns raised after the approval of the labor reform, which could increase operational costs for employers, some speculation had surfaced regarding potential automation and job cuts.

Admittedly not for Canacol, LNG (formerly Lewis), PetroSantander, or NG Energy whose revenues principally come from gas, but for the rest of the industry, Brent has an oversized impact on all the big strategic decisions. It is by far the principal “known unknown”.