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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.
Ecuador's Interior Minister John Reimberg has publicly rejected requests from business sectors — including the Clúster Bananero del Ecuador — for exceptions to the May 3-18 curfew. His line: if anyone gets an exception, everyone does.
Ecuador's main Quito-to-coast corridor was closed Monday after a drainage structure collapsed at kilometer 83 of the Alóag-Santo Domingo highway. Expreso reports the closure at km 87; Teleamazonas places it at km 89. No official reopening time yet. Here's what you need to know if you're traveling this week.
The Banco Central del Ecuador raised its 2026 GDP growth projection to 2.5%, up 0.7 points from its September forecast. Inflation is expected at 1.8%, private credit to grow 10%, and the external account to post a $6.4 billion surplus. 2025 closed at 3.7% growth — so momentum is slowing.
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 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.
Ecuador shipped 125,200 tonnes of shrimp in January 2026, a 23% increase year-over-year. China remains the top buyer at 49.5% of volume, though its share has declined from 54.2% in 2024. The industry projects a 15% increase for the full year.
Ecuador is positioned to become the world's second-largest cocoa grower behind Cote d'Ivoire. Anecacao projects exports exceeding 623,000 metric tons in 2026, up from 375,720 MT in 2023. The country is targeting 800,000 MT by the end of the decade.
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.
Gold prices have shattered records, hitting $5,092 per ounce. For Ecuador, a gold exporter, this means higher revenues even without increased production.
