The Venezuela soon to economic ruin will raise the first time in 20 years the price of gasoline again. The country with the largest oil reserves in the world subsidized gasoline so far with around ten billion dollars a year. “We have the cheapest petrol in the world. In America, a liter will cost at least $ 0.78 (…) and in Venezuela as 0.01 dollar cents, “the socialist president Nicolás Maduro in a speech the measure defended. This is necessary in order to combat the deep crisis. The opposition, which was able to win a majority in the National Assembly in the parliamentary elections in December, mismanagement accuses him and seeks a referendum on being voted on.
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a fuel price increase has so far been made for political reasons as a very delicate, 1989, had come with such projects to serious riots with hundreds of bodies ( “Caracazo”).
Now the liter of petrol is about a Bolivar costs (91 octane) and 6 Bolivar for 95 octane – which at a money exchange on the black market still means that 100 liters of fuel costs and 75 only 15 dollar cents dollar Cent. But the foreign exchange is scarce and why rebel inflation of over 200 percent, the highest in the world, many citizens against the numerous price increases.
President Maduro announced in Caracas the price increase.
On the black market the dollar may currently be changed to 800 to 1000 Bolivar. President Maduro announced that the official exchange rates as for tourists should in future be at a dollar 200 Bolivar. The completely state owned company PDVSA is the largest oil company in Latin America – and hard under pressure
With its revenue social programs for lower layers are funded.. With oil prices below 30 dollars per barrel which is hardly possible. The company has approximately 150,000 employees and has indicated that production costs of 13 dollars per barrel of oil. The delivery is currently amount to 2.8 million barrels of oil and liquefied petroleum gas per day. Venezuela tries within the oil cartel Opec therefore that the global price of oil quickly rises again
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