2024-05-31 11:35:23
The president of Ecuador, Daniel Noboa, said that diesel and gasoline subsidies is not going to be touched, as a consequence of their affect on inflation, the price of dwelling, transportation and agriculture. This assertion was made throughout an interview on the Casa de América in Madrid, on Might 17, 2024.
Noboa assured that the price of home gasoline will proceed to be backed, sustaining the value of $1.60 per cylinder. In Ecuador, 15 kilo gasoline cylinders are imported at a price of $21.55, with the federal government subsidizing $19.95 in order that the ultimate public worth is $1.60.
As compared, in different international locations within the area, home gasoline is considerably costlier. In Colombia, a bottle prices $20, and in Peru, between $13 and $14, which locations Ecuador with the bottom worth.
The president pressured the significance of sustaining these subsidies in order to not have an effect on the price of dwelling within the nation. Further and Ecopaís gasoline, used each for transportation and agriculture, can even proceed to be backed to keep away from a unfavorable affect on these sectors.
Noboa pressured that these subsidies are important for the financial and social stability of the nation, reaffirming his dedication to not scale back them.