Ecuador ’s government has reinstated fossil fuel subsidies , following 11 days of violent public protests . President Lenin Moreno announced the fuel cut as part of a $ 4.2bn austerity plan agreed with the International Monetary Fund . However , no plan to introduce a renewable alternative was put in place . The minimum wage in Ecuador is US$300 to $400 a month. Fuel price increases of 25 % to 50 % overnight nearly doubled the cost of public transport journeys . The higher fares meant many could not afford to get to work , sparking the protests . After peace talks with indigenous leaders and protest groups , Moreno agreed to cancel the subsidy cut , with plans to consult on legislation .
Ecuador ’s government has reinstated fossil fuel subsidies , following 11 days of violent public protests . President Lenin Moreno announced the fuel cut as part of a $ 4.2bn austerity plan agreed with the International Monetary Fund . However , no plan to introduce a renewable alternative was put in place . Fuel price increases of 25 % to 50 % overnight nearly doubled the cost of public transport journeys . The higher fares meant many could not afford to get to work , sparking the protests . After peace talks with indigenous leaders and protest groups , Moreno agreed to cancel the subsidy cut , with plans to consult on legislation .