economy
May 5, 2026
Gasoline in Colombia vs. the World: The Shocking Difference with the Country Where It Costs Almost Nothing
Portafolio Journalist 05.04.2026 14:04 Updated: 05.04.2026 14:04
TL;DR
- Colombia's average gasoline price of US$ 4.27 per gallon is below the global average of US$ 5.54.
- Libya has the cheapest gasoline globally at about US$ 0.09 per gallon, while Hong Kong is the most expensive at US$ 15.65 per gallon.
- Colombia implemented a 400-peso increase in May as part of its price stabilization policy.
- Regional price differences exist within Colombia, with Villavicencio having the highest price and Pasto and Cúcuta the lowest.
- Factors like state subsidies, oil production status, import dependence, and taxes influence global gasoline prices.