On Thursday, the Ecuadorian government and indigenous group leaders agreed to end a two-week or longer protest against President Guillermo Lasso's socio-economic policy. Indigenous leaders said they were dead.
The protests organized by the indigenous organization CONAIE occurred throughout Ecuador on June 13, at the request of demonstrators, including lower fuel prices and restrictions on the further expansion of the mining and oil industries.
According to Energy Ministry statistics, protests also lead to food and drug shortages, seriously impacting Ecuador's main source of income, the oil industry, to the country at $ 213 million. I spent a lot of money.
"We have achieved the highest value we all aim for, the peace of our country," Lasso said in a tweet celebrating the end of the protest.
As part of the deal, the government has again agreed to reduce fuel costs, including the most used gasoline and diesel, by another 5 cents, following a previous reduction of 10 cents per gallon.
A total of 15 cents reduction in both fuels will cost $ 340 million annually, the Treasury said.
Lasso also proposed abolishing legislation for oil projects and reforming similar legislation for mining projects. Reforms will ensure that the community has the right to be consulted on such developments.
"We will continue to fight," said Leonidas Iza, leader of CONAIE, but added that protests would be suspended following the agreement. Some leaders disagreed on certain aspects of the deal.
The hostile relationship between Lasso and the Ecuadorian parliament deteriorated during the protests. Opposition lawmakers voted to expel him earlier this week, but he barely survived.
Protesters complained of police violence during demonstrations, government reported dozens of security forces injured, and one during an attack on a fleet carrying fuel to Ecuador's largest oil field A soldier was killed.
Energy Minister Xavier Bella said Thursday that the country has begun recovering wells that were closed during protests and aims to return the majority to production within a month.
Ecuador's pre-crisis daily oil production of 500,000 barrels (bpd) fell to 234,310 bpd as of Wednesday after more than 1,200 wells were closed.
