Chile fuel prices rise for a fifth time and diesel hits a record high: how much they have climbed since July

From Thursday, October 22, 2026, 93- and 97-octane gasoline in Chile rises CLP 41.3 per liter and diesel CLP 91.5, according to the estimated price report published on Wednesday the 21st by the state oil company ENAP ([ENAP](https://www.enap.cl/informacion-comercial/informe-semanal-de-precios)). It is the fifth consecutive fuel price increase: since late July, gasoline has risen CLP 183.4 per liter and diesel CLP 401.4, according to Emol. With this adjustment, diesel reaches its highest price on record, according to calculations by Pauta.

The increase comes with Brent crude above US$ 110 a barrel and a warning from truck drivers, who do not rule out a strike. Here are the figures, the sequence of increases and what comes next.

How much fuel prices rise in Chile from October 22

Source: ENAP's estimated fuel price report (ENAP), Santiago, October 21, 2026. The company states in the same document that it does not set or regulate retail prices: it estimates the change from import prices on the U.S. Gulf Coast, the cost of shipping fuel to Chile and the rules of MEPCO and of the Oil Price Stabilization Fund (FEPP), which applies to kerosene. Each distributor and gas station sets its own final price.

What gasoline costs in Santiago after the increase

ENAP does not publish retail prices, but Pauta estimated the averages for the Santiago Metropolitan Region after the adjustment. They are reference values: each pump may differ by a few pesos.

Source: Pauta estimates based on ENAP's changes. "n/a": not available in that source. 93-octane gasoline is about CLP 14 below the level it reached after the March price shock, when it rose CLP 372.2 in a single week, while diesel already exceeds it by about CLP 46. La Tercera describes this week's gasoline increase as the second largest since the government adjusted MEPCO in March, behind only that episode.

The five fuel price increases in Chile since July

Gasoline and diesel prices have changed every three weeks since the 2023 MEPCO reform (Law 21,537), according to the Ministry of Finance. That is why the five increases in this streak fall on five Thursdays:

Source: Emol tally of ENAP's weekly reports; the sum matches the totals published by Emol and Pauta. Emol lists the report dates (Wednesdays); the changes take effect the following Thursday. In the July 29 report, the gasoline figure refers to 93-octane. Kerosene, which follows a different mechanism, is up CLP 279 over the same period and vehicle LPG CLP 52.4.

Why prices are rising: oil and MEPCO

The main cause is the international price of crude. On Thursday the 22nd, Brent, Chile's benchmark, was up 2.73% at US$ 111.74 a barrel and touched US$ 112.60 on fears of a new escalation in the Middle East, according to La Tercera. The paper notes that Chile imports more than 95% of the oil it consumes, and a strong dollar makes those purchases even more expensive (see the dollar at its 2026 high).

The second factor is how MEPCO, the mechanism that smooths price swings through changes in the fuel excise tax, works today. In March the government changed its parameters because of the fiscal situation, and since then the system passes on almost all of the international increase, according to La Tercera. Finance Minister Jorge Quiroz said the gasoline increase is the "minimum legally possible" and that "we are obliged by law to around CLP 40", and estimated the cost of containing the increases of the past three weeks at about US$ 300 million (Diario Financiero). For diesel, he added, the state keeps a subsidy of about CLP 200 per liter. We explain the system in what MEPCO is and how it works.

What the increase means for drivers

Our calculation: liters multiplied by ENAP's changes this week and by the cumulative totals since July. It excludes taxes and each station's margins. Fuel weighs on the CPI: the Central Bank sets its rate on October 27 with 12-month inflation at 4.1% (see what traders expect).

Truck drivers' groups called a national consultation, and their leader, Juan Araya, warned that "a strike is never ruled out", according to The Clinic. Diario Financiero reported that the trucking federation called the increases "unsustainable".

When prices change again

The next gasoline and diesel adjustment should take effect on Thursday, November 12, three weeks after the current one. Analysts quoted by Emol expect further upward pressure, depending on oil and the exchange rate. ENAP publishes its report every Wednesday. To compare with the region, see gasoline prices in Latin America; our sister outlet La Tendencia anticipated the increase in this story.

Frequently asked questions

CLP 41.3 per liter for 93- and 97-octane gasoline, according to ENAP. Diesel rose CLP 91.5, kerosene CLP 24.8 and vehicle LPG CLP 13.9.

Five: July 30, August 20, September 10, October 1 and October 22. Gasoline is up CLP 183.4 per liter and diesel CLP 401.4.

About CLP 1,527 per liter on average after the increase, according to a Pauta estimate. Each station sets its price.

Yes, according to Pauta: about CLP 1,558 per liter in the Santiago region, above the March 2026 level.

Expected from Thursday, November 12, 2026, because gasoline and diesel change every three weeks.