Date: 3 months ago   Category: Economy

Venezuela since September 24 begins transition to market prices of gasoline - RIA Novosti, 9/21/2018


The man with a flag of Venezuela in Caracas. Archival photo
MEXICO CITY, 21 Sep – RIA Novosti. Venezuela since Monday, September 24, will begin trial transition on close to market petrol prices, the president of the country Nicolás Maduro on air of the state television.© RIA Novosti / Sergey Guneev has said to Pass into Maduro's image bank announced application of cryptocurrency "петро" in the international raschetakhmaduro hasn't specified how many he will cost gasoline in Venezuela now, having noted only that the cost of fuel will depend on the international prices, "that mafia has begun to tremble". It is supposed that the system of subsidizing of cost of fuel for holders of the special social cards which have registered the vehicles during the census which is taking place now in Venezuela will be at the same time introduced. Venezuela is considered the country with the cheapest gasoline in the world which stands up the insignificant sum of 0,00001-0,00006 sovereign bolivares for liter depending on brand at an official rate in 61,1 bolivares for dollar. Thus, for one dollar it is possible to buy from 1 to 6 million liters of gasoline. "From next Monday, September 24 at all gas stations of the country the new system of calculation for gasoline with biometric identification and the national identity card is introduced" — Maduro has said. The measure is directed to fight against smuggling of fuel to Colombia (losses from smuggling are estimated at 18 billion dollars a year).

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