Daily coverage from across the country, written for the expat community
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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.
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 takes effect April 12, raising prices on low-octane gasoline (Extra and Ecopais) and diesel. Super gasoline stays the same. The change pushes up transport costs and adds inflationary pressure to groceries and services.
Amid confusion over Ecuador's IVA reclassification, the SRI has clarified that 94 out of 115 basic basket food items remain at 0% IVA. Fresh milk, raw meats, unprocessed produce, rice, lentils, and legumes are all tax-free. 21 items have moved to 15%. Here is what stays exempt -- and what this means for your grocery budget.
Ecuador's SRI issued a circular on March 26 reclassifying over 60 processed food products from 0% to 15% IVA. Lactose-free milk, all bread and pastries, instant noodles, and pre-cooked meats are now taxed. Fresh natural milk and raw unprocessed foods remain at 0%. The change directly impacts grocery costs for residents.
Friday April 3 is a mandatory national holiday in Ecuador. Banks are closed through Sunday, government offices shut down, but supermarkets and pharmacies stay open. President Noboa's VAT reduction to 8% on tourism services kicks in for the long weekend.
Gasoline and diesel prices in Ecuador are expected to increase approximately 5% when the monthly band adjustment takes effect on April 12. Extra and ecopais gasoline currently at $2.89/gallon and diesel premium at $2.82/gallon are being pushed higher by WTI crude above $100/barrel.
Holy Week runs Palm Sunday (March 29) through Easter Sunday (April 5). Good Friday April 3 is the national holiday. Holy Thursday April 2 is NOT a holiday unless the government issues a special decree. Banks, government offices, and most businesses close April 3.
Holy Week runs March 29 through April 5 this year. Good Friday (April 3) is a non-recoverable national holiday. Holy Thursday is NOT a public holiday. Here is what expats need to know about closures, events, and travel.
Ecuador's economy is projected to grow approximately 2% in 2026 with inflation holding near 1.5%. Country risk stands at 460 basis points. Here is what the numbers mean for expats living on dollar-denominated income in a dollarized economy.
A single expat can live comfortably in Ecuador for $1,200 to $1,500 per month, while couples typically spend $1,800 to $2,500. Here is a detailed breakdown of what things actually cost in 2026, from rent and groceries to healthcare and transportation.
Semana Santa runs from March 29 to April 5 this year, with Good Friday on April 3 as the national holiday. Expect bank closures, alcohol restrictions, packed beaches, and one of Ecuador's most significant cultural celebrations.
