Supply and demand
Ecuador consumes more gasoline than it can produce, so imports are needed. All domestic anhydrous fuel ethanol production is blended into gasoline to produce Ecopaís gasoline; thus, no fuel ethanol is exported.
Ecuador’s decreased by 4% in the first half of 2024 compared to 2023. The security crisis, the price adjustment due to the increase in the value added tax (VAT), and the reduction of subsidies are some of the factors that have influenced this fall in fuel consumption.