Oct. 23 (UPI) -- Ecuadorian President Daniel Noboa has announced a small, gradual reduction in diesel prices, which will drop to $2.78 per gallon from $2.80 on Dec. 15 and to $2.70 in February.
The announcement came shortly after the Confederation of Indigenous Nationalities of Ecuador suspended a national strike that had blocked roads for a month to protest the government's decision to end diesel subsidies, which had raised prices a dollar from about $1.80 per gallon.
"So that the productive and transport sectors can plan with certainty and know that diesel prices will fall, we are announcing the new prices today," Noboa wrote on X. He emphasized that his administration is moving from words to action, "protecting Ecuador's economy and its households."
Noboa said that with the strike over, highways and roads have been cleared, but confirmed that pricing measures adopted in recent weeks would remain in place.
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