Diesel Subsidy Cut Could Make Fuel Theft Worse in Ecuador Eliminating the diesel subsidy cuts opportunities for smugglers who buy cheap fuel in Ecuador to sell in neighboring countries, but it increases incentives for criminal groups to steal fuel that they use in various illegal activities. Fuel theft is already rising. State-owned oil giant Petroecuador estimated that theft had cost the company $215 million between 2022 and October 2024. The post Diesel Subsidy Cut Could Make Fuel Theft Wo...
