About the necessity of this step against the background of falling world oil prices said the Venezuelan leader Nicolas Maduro. The cost of gasoline in the country has not changed over the years and is now Bolivar 0,097 per liter, i.e. less than one penny on “the black market”.
MEXICO city, 16 Dec –. Venezuelan President Nicolas Maduro on Friday announced the need to raise domestic gasoline prices amid the fall in world oil prices.
“The hour has come to raise gasoline prices, Venezuela must adopt the new system of getting money for oil”, — quotes the state television statement by Maduro during his speech in the National Assembly with the annual report.
On the background of the galloping inflation the only commodity in Venezuela, the cost of which Venezuelans still don’t feel, remains the cheapest gasoline in the world. Its value has not changed for years and is now Bolivar 0,097 per liter, i.e. less than one penny on “the black market”.
Maduro said earlier about the need to balance the price of gasoline, but further statements business is not has gone. Now state subsidies for gasoline reach 12.5 billion dollars a year. In the summer of 2014, the President formally opened the national discussion about the possibility of increasing petrol prices in the country. He said that a fair pricing system for gasoline balances the oil industry and the domestic market of fuel.