Ecuador to Review Fuel Prices Again in August Amid Market Volatility

Ecuador is set to re-evaluate its gasoline and diesel prices before August 12, 2026, after implementing a reduction that took effect on July 12. The current lower prices for Extra and Ecopaís gasoline, as well as Premium diesel, are not permanent and are subject to a monthly review based on international market conditions.

This temporary measure, outlined in Executive Decree 444, allows for price adjustments if specific criteria related to the Import Parity Price (PPI) are met. If these conditions are not fulfilled, the pricing mechanism will automatically revert to Ecuador's established band system for fuel costs.

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In August we must see how the international market evolves, which is volatile.

Currently, gasoline Extra and Ecopaís are priced at $3.265 per gallon, and Premium diesel at $3.204 per gallon. These prices are valid until August 11. The Súper gasoline, which operates outside the band system, has a reference price of $5.61 per gallon and continues to be influenced by the international market.

Minister of Environment and Energy, Juan Carlos Blum, explained that the continuation of the price reduction hinges on the "volatile" international market's performance in the coming weeks. Three specific conditions must be met simultaneously: a cumulative decrease in the PPI of at least 15% over the previous two periods, a cumulative increase of at least 50% in the PPI over up to three consecutive periods, or the ordinary calculation reaching the maximum allowed increase within the band system. Failure to meet any of these requirements will end the current price reduction.

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If the three simultaneous conditions are not met, it automatically returns to the system.