Colombia diesel subsidy costs $1.9T per $1,000 price gap; price $8,500 below international

Colombia's diesel subsidy imposes a fiscal burden of approximately $1.9 trillion per $1,000 of price gap, with domestic prices $8,500 below international levels. Over 1.21 million vehicles rely on diesel, indicating significant fiscal exposure. The government faces pressure to adjust prices, which could have inflationary and political implications.