Daily coverage from across the country, written for the expat community
Results for “subsidy”Clear
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.
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.
January 2026 crude production hit 466,400 bbl/d, down 1.8% year-over-year and 13% below a decade ago. Illegal pipeline taps surged from 36 in 2022 to 770 in 2024, costing $100 million annually. Ecuador needs 550,000 bbl/d just to cover basic fiscal needs.
Indigenous leader Marlon Vargas calls President Noboa's urgent mining and energy reform a threat to water, territories, and collective rights. The National Assembly has until March 2 to vote on the bill, and CONAIE is calling for unity against it.
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.
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.
Three months after launch, Latin America's highest-altitude metro is beating ridership projections by 22%. Traffic on parallel routes is measurably declining. Here's what the numbers show.