Ecuadorean President Guillermo Lasso said on Sunday he would cut prices for gasoline and diesel by 10 cents a gallon, the latest concession to try to end nearly two weeks of anti-government protests in which at least six people have died.
The sometimes-violent demonstrations by largely indigenous protesters demanding lower fuel and food prices, among other things, began on June 13 and have slashed Ecuador’s oil production.
“Everyone considers that gas prices have become the cornerstone of maintaining the conflict and though we as a government are very clear that this factor isn’t the origin of Ecuadoreans’ problems, we must think of the common good and citizens’ peace,” Mr. Lasso said. Gasoline extra will now cost $2.45 per gallon, while diesel will cost $1.80, both still higher than CONAIE had requested.
Vandalism, the takeover of oil wells and road closures have prevented transport of necessary supplies, the ministry said.The public oil sector, private producers of flowers and dairy products, tourism and other businesses have lost about $500 million, the ministry of production said.
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