Ecuador To Cut Fuel Prices
Jun 29, 2022 ·
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President Guillermo Lasso announced that Ecuador will cut fuel prices, which had sparked weeks of demonstrations, though not by as much as protesters have demanded. The country’s energy ministry warned...
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President Guillermo Lasso announced that Ecuador will cut fuel prices, which had sparked weeks of demonstrations, though not by as much as protesters have demanded.
The country’s energy ministry warned that oil production had reached a critical level and could be halted entirely within 48 hours if the protests and roadblocks continued.
The ministry says the seizure of oil wells and road closures have prevented the transport of equipment and diesel needed to keep operations going.
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The country’s energy ministry warned that oil production had reached a critical level and could be halted entirely within 48 hours if the protests and roadblocks continued.
The ministry says the seizure of oil wells and road closures have prevented the transport of equipment and diesel needed to keep operations going.
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