Análisis sobre el impacto económico por la eliminación del subsidio a la gasolina en el Ecuador.

Abstract

The subsidies reached the Ecuadorian economy in 1974 due to the oil boom in that decade, currently they are constitutionally registered as an instrument of the State's fiscal policy for the redistribution of income (Art. 285), however, have always had a significant role since the return to democracy, contributing in general fields of action such as social security, urban development, agricultural development, social development and fuels (Miño, 2018). Until 2019, the state budget showed that the subsidies granted to petroleum derivatives represented more than 55% of the total, whereas of the end of 2019 it was decided to phase them out, starting with super gasoline whose subsidy was totally eliminated. Subsequently, a price band system was instituted so that the retail value of eco-country gasoline and diesel fuel have a gradual monthly increase and release their prices as in international markets. The elimination of fuel and gasoline subsidies does not represent a great impact on the pockets of people who have the possibility of owning a car, and it was shown that, for public and private transporters, despite the rise in fuel, they continue to receive profits, and it is not as indicated that they work at a loss. The only oil derivative that represents an economic aid for a large part of the Ecuadorian people is liquefied petroleum gas, which should be targeted in order to avoid smuggling.