The nation's president Daniel Noboa came out without injury after his official motorcade was attacked by stone-throwing demonstrators and what officials characterized as potential gunfire.
Noboa was opening a water purification facility in the country's central region when his convoy was attacked by a sizeable crowd protesting against increasing fuel prices.
About 500 people appeared and were hurling rocks at him, and there are clearly bullet marks on the president's car
commented Ecuador's environmental official.
Authorities confirmed that five individuals were arrested and would face court proceedings on terrorism charges – an offense carrying a highest penalty of three decades in prison.
Video footage released by the administration depicts demonstrators standing in the street, covered in flags, rushing to collect large stones and bricks.
As the presidential SUV passed, projectiles thudded into the exterior and broke glass.
A voice could be audible shouting: "Duck! Get down!" as the car accelerated from the scene.
Authorities indicated they were continuing to examine whether certain of the damage on the president's armored vehicle were resulted from bullet impacts.
This reported incident occurred amid several days of progressively aggressive demonstrations sparked by a government decision to raise diesel prices.
Demonstrators have gone on strike, obstructed highways and abducted 16 soldiers – who were eventually freed unharmed.
The country's biggest native group stated that a protester had been killed by security personnel during one of the rallies.
More than one hundred individuals, including protesters and law enforcement, are believed to have been hurt in the unrest.
Noboa has imposed a state of emergency across multiple provinces.
Noboa's office said on social media after the attack that "cowardly acts will not stop" the president.
A senior official of the Organization of American States said that "such violent acts are an assault on democracy, stability, and the principle of harmonious living that must prevail in our societies."
Noboa is attempting to reduce fuel support to conserve about $1bn in government spending, redirecting much of the funds to security funding.
The nation, previously regarded one of Latin America's safest nations, has seen a dramatic surge in criminal activity in recent years.
Positioned between two neighboring countries, both the planet's biggest cocaine producers, Ecuador has transformed into a major transportation center for narcotics.
Authorities have accused drug gangs of exacerbating the protests, suggesting that criminal groups are taking advantage of the protests to disrupt the nation.
Reports indicate that seventy percent of the world's cocaine supply passes through Ecuador, much of it headed for the United States.
The trade has attracted global crime syndicates, including Mexican drug cartels, Italy's 'Ndrangheta, and Albanian criminal networks.
The rivalry for dominance of trafficking routes has turned Ecuador into one of the region's most dangerous locations.
The president has called for a referendum to permit the presence of US troops to the nation, overturning a previous restriction on foreign bases.
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