Gas stations start increasing price of gasoline decreed by Ecuadorian Gov’t

In 2018, the Ecuadorian Government took measures to rasie the prices on most types of gasoline. First, it was Super gas, which went from between$2.00 and $2.30 to $2.98. In December, eExtra and Ecopais went from $1.48 to $1.85 per gallon. This lastest increase is part of the economic measures adopted by the National Government—that includes the review of fuel subsidies—that came into force after the publication in the Official Register of Decree 619. The Decree establishes in Article 1, numeral 6, that the price of the Super “will be determined on a monthly basis by the Petroecuador EP, based…

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