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Ecuador's Original English Language Newspaper

Market banding and lower consumption reduces Government fuel subsidy costs by 65%

Published on November 18, 2020
Facebook Twitter Google+ LinkedIn Last October, the country went through a “shutdown,” not from the coronavirus pandemic, but rather from the Government’s attempt to remove fuel subsidies that in some shape of form had been in place since the 1970’s. The government sought to reduce (or cancel) the subsidy as part of its austerity measures, […]

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