Gasoline and diesel prices held flat in 13 of Colombia’s principal cities, including Bogotá, Cali, Barranquilla, Cartagena, Montería, and Villavicencio, when comparing rates from August 1 and August 26, 2026, though the national average edged slightly lower over that window.
The US and Iran are no closer to a solution to the Strait of Hormuz but the situation may becoming to a sustainable stalemate and that, in turn, may be stabilizing Brent – but only in a medium-to-long term sense.
Ecopetrol’s Barranquilla and Cartagena refineries strengthened their fuel and petrochemical output in the first half of 2026, with total refining throughput averaging 428,000 bd, up 5.9% (24,000 bd) year-on-year.
Ecopetrol’s gas sales volume fell 22.1% in the second quarter of 2026, with gas now representing just 6.9% of the group’s total sales — down sharply from 10.6% in 2Q22, when Gustavo Petro took office.
Colombia’s exports grew 7% in June and 14.2% for H1 2026, but the gains are concentrated almost entirely in oil, coal, and gold, while agricultural exports fell.
The Asociación Colombiana del Petróleo y Gas (ACP) released an economic report, “Combustibles Líquidos: Pilar de la Seguridad Energética,” arguing that ensuring liquid fuel supply and reliability – diesel in particular – will be essential to backing up the electricity system during El Niño.
Colombia’s gasoline imports, which stood at 43% of national demand in 2025, are projected to climb to as much as 50% by early 2031, according to forecasts from the Asociación Colombiana del Petróleo y Gas (ACP)
The Comisión de Regulación de Energía y Gas (CREG) is moving to modernize how jet fuel is priced in Colombia, combining a regional stakeholder consultation tour with a formal regulatory proposal released within the same week.
Colombia’s incoming government faces a hydrocarbon challenge that goes well beyond production and reserves: a systematic theft operation that is simultaneously draining Ecopetrol’s revenues, fueling illegal economies, and evolving faster than the state’s monitoring capabilities.
Higher oil prices and solid operational performance will not automatically translate into stronger credit quality for Latin America’s state-owned oil companies, according to a Moody’s report.
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