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Monthly inflation reached 0.53% in April 2026, driven mainly by transport costs, with annual inflation at 2.6%. Meanwhile Ecuador's tariff on Colombian goods escalated to 100% on May 1. What it means for anyone living here on a fixed or foreign income.
The May 12 price adjustment is official — diesel crossed $3/gallon for the first time, stations in Quito and Guayaquil are running dry, and Ecuador is importing 65% of its fuel. The refinery FCC unit restarts May 15.
Drivers in Guayaquil and Quito report stations hiding Extra gasoline before the May 12 price adjustment. Terminal dispatches are down 33%. Fill up now if you can.
President Daniel Noboa announced cabinet changes on April 20, installing Jaime Bernabé Erazo as Minister of Health effective immediately. The Ministry of Environment and Energy will receive a new minister on April 30, with the current officeholder stepping down.
A 16-person fuel trafficking ring operating across six provinces since October 2024 has been dismantled. Three active-duty military members, five police officers, and eight civilians were detained. A judge has ordered preventive detention for 15 of them on charges tied to hydrocarbon diversion and support for criminal organizations.
Ecuador's April 12 fuel adjustment raised Extra and Ecopaís gasoline by 4.6%, diesel by 4.7%, and Súper by 26% — from $3.62 to $4.57 per gallon. Transport associations are planning a march in Quito and warning that costs will be passed through to importers, exporters, and ultimately consumers. Here's the breakdown.
Economy Minister Sariha Moya presented Ecuador's fiscal efficiency formula at the IMF Spring Meetings in Washington on April 14. Her headline numbers: international reserves up from $3 billion to $11 billion, poverty down from 28% to 21% in 2025, and local-government payment delays cut by 85%. She credited the fuel subsidy phase-out that ran from June 2024 through September 2025.
The April 12 fuel price hike is already flowing through to family budgets on the coast. One south Guayaquil family reports their nephew's round-trip school transport jumped from $50 to $60 per month. The coastal school year just started — and the cost structure changed with it.
WTI crude oil tumbled more than 15% to $95/barrel on April 8 after Trump postponed his Iran infrastructure strike threat, then rebounded 7.3% to $101.28 on April 9. For Ecuador — both an oil exporter and a country where consumers pay market fuel prices — this volatility cuts both ways.
Ecuador's national hotel occupancy reached 40.3% in the most recent reporting period, up 3.6 percentage points year-over-year. The recovery is real but modest — pre-pandemic occupancy averaged 50-55% nationally. Coastal and Galápagos properties are leading the rebound.
WTI crude surged past $100/barrel in early April, driven by the Middle East conflict and Strait of Hormuz disruption. For Ecuador, it's a double-edged sword: oil exports bring in more revenue, but the fuel band system passes the pain directly to consumers at the pump.
Ecuador's monthly fuel price adjustment on April 12 could push low-octane gasoline past the $3/gallon mark for the first time in history. Extra and Ecopaís currently sit at $2.89/gallon; with the 5% monthly cap, they could reach $3.03. Diesel may hit $2.96. The driver: global oil price spikes from the Strait of Hormuz disruption.
