Petro Vows to Cut Colombia Gasoline Prices in Policy U-Turn

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Why This Matters

Colombian President Gustavo Petro has announced a policy reversal, pledging to cut gasoline prices after previously phasing out fuel subsidies to reduce the fiscal deficit.

Market Impact

Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Colombian President Gustavo Petro said he will cut gasoline prices, a reversal of the policy in his first years in office when he phased out fuel subsidies to narrow the fiscal deficit.

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Original article published by Bloomberg on January 15, 2026.
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