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"The problem is that after years of corruption and mismanagement, the Colombian bank balance isn't in any shape to write the checks needed to move the inequality needle."

Throughout Colombia, gasoline prices are now seen in a range between 11,100 to 11,300 pesos per gallon (roughly $2.40-2.40 per gallon).

Retail gas stations and wholesale distributors in La Guajira, Colombia’s Atlantic coastal department bordering Venezuela, have closed in protest of the national government’s subsidized gasoline quotas established by MinMinas, Colombia’s ministry of Mines & Energy. La Guajira,...

The decision "constitutes a reaffirmation of a policy in line with improving quality of life of our population," said Bancóldex head Mario Suárez.

The Wizeo platform gives drivers a payment card that can be used to refuel at more than 750 Mobil and Esso service stations in Colombia.