Daily coverage from across the country, written for the expat community
Results for “subsidies”Clear
Ecuador issued Decree 441 on July 3, raising maximum values for certain social-interest housing categories. The change matters for buyers and developers watching subsidized housing, preferential mortgages, and lower-cost home inventory.
Teleamazonas reports that diesel reached USD 3.25 per gallon in June 2026 and Extra gasoline reached USD 3.31. Prices continue to adjust monthly under Ecuador’s band system tied to international fuel-market movement.
El Universo reports Ambato urban and rural transport operators restricted service on June 1, working only from 08:00 to 14:00 while seeking a fare adjustment. The current urban fare is 30 cents.
Decreto Ejecutivo 378 extends national transport compensation through June 15, delaying a politically painful fare increase. Loja has already raised fares to $0.36; Cuenca, Quito, Guayaquil and Ambato all see different responses.
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.
After Monday's paralysis that stranded 1.5 million commuters, Quito's blue buses resumed normal service Wednesday. But the underlying dispute is heading to formal negotiations on May 13, and a fare increase to /bin/zsh.65 is on the table.
Quito woke up without bus service on May 5 as operators cut hours to protest the end of diesel subsidies. The city handles 2 million transit trips daily, and 1.5 million of them depend on these buses.
Prosecutors raided CNEL offices across three provinces after the Energy Minister revealed a decade-long billing manipulation scheme affecting 400,000+ accounts. Officials allegedly cut invoices by 80% in exchange for bribes.
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.
Ecuador's EMBI country risk indicator closed at 409 points on April 17 — the lowest level since October 2014. The reading reflects higher oil prices, an IMF $400M disbursement, and a growth forecast upgraded from 1.8% to 2.5% for 2026. Here's what it means for cost of living and investment.
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 Production, Foreign Trade, Investment and Fisheries Minister Luis Alberto Jaramillo met with the Ecuadorian-American Chamber of Commerce in Guayaquil on April 14 to walk through the US Reciprocal Trade Agreement. Headline: 57% of non-oil exports get zero tariffs. Concerns: competition with subsidized US agricultural products.
