Ecuador's president Daniel Noboa came out without injury after his official convoy was targeted by stone-throwing protesters and what officials described as possible shots.
Noboa was opening a water treatment plant in the country's central region when his motorcade was attacked by a sizeable crowd demonstrating against rising fuel prices.
About 500 people appeared and were throwing stones at him, and there are clearly bullet marks on the official vehicle
stated Ecuador's environment minister.
Officials reported that five individuals were arrested and would face court proceedings on terrorism charges – an offense carrying a maximum punishment of three decades in jail.
Video footage released by the administration shows demonstrators standing in the road, draped in flags, scrambling to collect large stones and building blocks.
When the presidential SUV drove by, projectiles thudded into the paneling and broke glass.
A voice could be audible yelling: "Heads down! Heads down!" as the vehicle accelerated from the scene.
Officials indicated they were continuing to examine whether some of the damage on the president's armored vehicle were resulted from gunfire.
The alleged incident came amid several days of progressively aggressive demonstrations sparked by a administration's move to raise fuel costs.
Demonstrators have gone on strike, blocked roads and abducted 16 soldiers – who were eventually released without injury.
The country's largest native group stated that a demonstrator had been fatally injured by armed forces during one of the protests.
Over 100 people, including protesters and law enforcement, are believed to have been hurt in the unrest.
The president has declared a emergency measures across several regions.
The presidential administration said on social media following the attack that "such actions will not stop" the president.
A senior official of the Organization of American States said that "such violent acts are an assault on democratic principles, stability, and the principle of peaceful coexistence that must prevail in our societies."
Noboa is attempting to cut diesel subsidies to conserve about one billion dollars in government spending, diverting much of the savings to security funding.
The nation, once considered one of the region's most secure nations, has experienced a dramatic surge in criminal activity in recent years.
Strategically located between Colombia and Peru, both the planet's biggest drug manufacturers, Ecuador has become a significant transportation center for narcotics.
Officials have alleged drug gangs of exacerbating the unrest, implying that illegal organizations are taking advantage of the demonstrations to disrupt the nation.
Reports indicate that seventy percent of the global cocaine supply passes through the country, a large portion of it destined for the US.
This business has attracted global crime syndicates, including Mexican drug cartels, Italian mafia groups, and Albania's mafia.
Their competition for control of trafficking routes has turned the nation into one of the area's most dangerous places.
The president has called for a referendum to permit the return of US troops to the nation, overturning a 2009 ban on foreign bases.