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LAHT.
With perhaps the world's lowest gasoline price, the Venezuelan government is finally considering raising it as the nation's oil revenues decline. Gasoline has remained unchanged there since the 1990s at about $.19 per gallon.
Meanwhile gas station owners suggest a 30% price hike...but only on 95-octane, the most widely used type.
Showing posts with label cheap Venezuelan gas. Show all posts
Showing posts with label cheap Venezuelan gas. Show all posts
30 August 2009
12 August 2009
Smuggling Venezuelan Gas.
Globalpost.com
Venezuela has perhaps the world's cheapest gas which it subsidizes with $8 billion a year.
"A gallon of 95-octane gas sells for 18 cents per gallon, while 91-octane costs just 12 cents per gallon. In contrast, in Colombia, where the price is set by the free market and which has less oil, gasoline sells for around $4.15 per gallon."
Venezuela has perhaps the world's cheapest gas which it subsidizes with $8 billion a year.
"A gallon of 95-octane gas sells for 18 cents per gallon, while 91-octane costs just 12 cents per gallon. In contrast, in Colombia, where the price is set by the free market and which has less oil, gasoline sells for around $4.15 per gallon."
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