Tag: fuel subsides

• Friday, October 4th 2019 - 09:55 UTC

  Ecuador will eliminate fuel subsidies and tighten the belt of public employees

  

  Ecuadorean President Lenin Moreno said that his government will eliminate subsidies for diesel and low-octane gasoline and create a new corporate tax as part of a package of measures to narrow the country’s fiscal deficit.

• Friday, October 4th 2019 - 09:50 UTC

  Ecuador declares state of emergency to contain protests against elimination of fuel subsidies

  

  Ecuador's President Lenin Moreno declared a state of emergency Thursday as protests broke out nationwide over the end of decades-old fuel subsidies as part of a $2 billion government fiscal reform package. Police responded with tear gas in the worst unrest for years in the oil-producing Andean nation.