Economy & Business - August 2023

VENEZUELA: The end of free diesel

Venezuela has the world’s largest proven oil reserves but constantly has a shortage of fuel at gas stations and money in government coffers. As a result, the government of President Nicolás Maduro has put an end to free diesel for large clients in industry and agriculture. These so-called ‘special clients’ will now pay US$0.32 per litre. The health sector, including hospitals and ambulances, will continue to receive free diesel.

End of preview - This article contains approximately 804 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.