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Ecuador Political News

Ecuador, one of the countries with the cheapest diesel in the region

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In Colombia and Peru there is a fuel price band with twice the Ecuadorian value. Locally, carriers say they are working at a loss.

With the recent rise of diesel to $ 1,6088 , the Basic Salary (SB) of $ 400 is enough to buy 248 gallons. Ecuador is the country in Latin America in which more gallons can be purchased with the minimum wage of an average worker.

Second on the list is Bolivia, where its SB of $ 309 equates to 152 units of fuel. At the other extreme is the Mexican economy, which, despite maintaining a direct subsidy, has a price of $ 4.10, which only allows to acquire 52 gallons with the current SB.

To read the full story on La Hora, click here.


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