Ecuador To Cut Fuel Prices

Jun 29, 2022 · 44s
Ecuador To Cut Fuel Prices
Description

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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Author Africa Business Radio
Organization Africa Business Radio
Website -
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