Ecuador is currently suffering the consequences of the gasoline price increase that went into effect on Tuesday, May 12, leading to fuel shortages and long lines at service stations.

The shortage of premium gasoline and diesel is critic, a situation that has overwhelmed service stations in Quito, the capital, as well as in the country’s main cities.

Sources indicate that “the emergency originated after critical failures at the Esmeraldas Refinery, the nation’s most important processing plant, which has paralyzed the regular distribution of fuels.”

As has happened in other countries, the situation is forcing citizens to wait in lines for hours before being able to fill up their vehicles, “while Petroecuador authorities try to manage the accumulated deficit in national distribution.”

The increase in the price of extra gasoline, effective Tuesday, May 12, indicates that “the price per gallon will rise from the current $3 to an estimated range between $3.15 and $3.17.” Public outcry was swift, “as it occurs amidst the worst supply crisis of the last decade.”

According to energy sector experts, the full normalization of service could be delayed until June 9 due to the complex repairs needed at the Esmeraldas Refinery, in addition to “the logistics required to cover the inventory deficit.”

M.Pino

Source: radiomundial

(Reference image source: Gene Gallin on Unsplash)

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