Colombia Averts Crisis: Government Reaches Deal with Truckers

Colombia's government successfully negotiated with truckers to suspend a protest over rising diesel prices, which had led to road blockades. To prevent food and fuel shortages in major cities, the government agreed to a smaller price increase spread over the year.

Colombia's government reached an agreement with truckers on Friday, halting a protest over rising diesel prices that threatened to cause food and fuel shortages in major cities.

The resolution followed the government's decision to abandon its plan to raise diesel prices by 1,904 pesos per gallon starting this month. Instead, officials agreed to a more modest increase of 800 pesos, implemented in two equal increments throughout the year.

This deal aims to stabilize supply chains and safeguard essential services in Colombia's largest urban areas.

(With inputs from agencies.)