The price of a gallon of super gasoline will be sold at $4.07 starting at 00:00 on Sunday, March 12, and will be in effect until April 11, Petroecuador said in a statement from the afternoon of this Saturday, April 11. March. Last February, this fuel already recorded an increase of $0.07 more than the previous price that was in effect in January ($3.98).

Now that value of 95 octane gasoline is $0.02 higher than the previous price that was in effect from February 12th until this Saturday, March 11th, which was $4.05.

Oil production already exceeds 400,000 equivalent barrels, Petroecuador announces

However, ecoplús 89 gasoline has dropped by $0.10 compared to the previous price, which was $3.13 until this Saturday, and will drop to $3.03 starting this Sunday, March 12.

This fuel is part of a pilot plan that is applied at gas stations in Guayas and Esmeraldas.

The state-owned company reminds that the prices of super and ecoplus 89 gasoline are set by the Ordinance on Prices, in accordance with market conditions, which expands consumer options.

He also reported that the distribution of extra and ecopa gasoline is guaranteed throughout the country, the price of which is frozen at $2.40, and diesel at $1.75, which is also frozen.

“Currently, Petroecuador has sufficient fuel stocks in its refineries, clean product terminals and gas stations to supply the end consumer in a timely manner and meet internal demand, given that operations have been normalized with the lifting of the declaration of force majeure,” the state explained.

On February 23, Petroecuador declared a state of force majeure and had to suspend the work of the Transecuadorian Oil Pipeline System (SOTE) and the Shushufindi – Quito polyduct, when due to the effect of rain and flooding of the Marker River, the land on which they were located weakened the supports of both structures. As a result, the production and export of crude oil also had to be paralyzed.

The Ministry declares force majeure for oil operators after the crisis on the Marker River

The declaration was revoked on March 5. Five days later, on Friday March 10, the state-owned company reached an oil equivalent production of 400,719 barrels per day, of which 392,118 corresponds to crude oil and 8,601 to natural gas and associated gas.

This represents a compliance of 99.7% of the expected levels, after the cancellation of the declaration of force majeure.