Ecuador reduces fuel prices starting July 12

Ecuador has implemented a reduction in the suggested prices for several key fuels, effective from July 12, 2026. The move impacts gasolines Extra, Ecopaís, Súper, and Premium Diesel, with the new rates remaining in effect until August 11, 2026.

These adjustments stem from reforms to the fuel cost stabilization mechanism, designed to cushion the effects of significant volatility in the international market. The government's decision, formalized under Decree 444, allows for price modifications when specific global volatility parameters are met. This measure aims to ease the burden of petroleum derivative costs on Ecuadorian consumers while maintaining stability in the pricing bands for diesel and lower-octane gasolines.

The Cámara de Distribuidores de Derivados de Petróleo (Camdeppe) and official sources report specific price drops. The suggested price per gallon for gasoline Súper has decreased from $5.70 to $5.61. For gasolines Extra and Ecopaís, the cost per gallon is now $3.265, down from $3.312. Premium Diesel has also seen a reduction, moving from $3.251 to $3.204 per gallon.

It is important to note that gasoline Súper's price has been liberalized since December 2018, meaning final prices can vary by service station and retailer profit margins. Subsidized fuels, however, continue to operate under a band system that limits monthly price fluctuations to protect household finances.