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President Noboa announced Friday that the national government will operate from Guayaquil for several weeks, with the National Police high command relocating as well. The move comes two days after the arrest of Guayaquil’s mayor and amid record violence that made Ecuador the world’s most dangerous country in 2025.
Ecuador’s annual inflation rate hit a 20-month high in January 2026, driven almost entirely by a 20.79% spike in housing and utility costs after the government ended electricity and diesel subsidies. Food prices are rising too — plantains have roughly doubled, and the basic family basket now costs $822 a month.
During President Noboa's visit to the UAE, Petroecuador and Abu Dhabi National Oil Company signed a memorandum of understanding for direct crude oil trade and refined product imports — cutting out intermediary traders.
Ecuador’s monthly fuel price band adjusted at midnight. Extra and Ecopaís gasoline rose to $2.76/gallon, Súper Premium dropped to $3.19, and diesel barely moved at $2.70. The new prices hold through March 11.
Ecuador’s second-largest city lost its mayor. Aquiles Alvarez was ordered into preventive detention on organized crime and fuel trafficking charges as part of the ‘Caso Goleada’ investigation. He was transferred to Latacunga prison — 11 others arrested across Guayas province.
Several indigenous organizations have announced a formal legal process to revoke President Daniel Noboa’s mandate, citing unfulfilled commitments and growing social discontent. The recall faces steep constitutional hurdles but signals deepening political tensions.
