Thursday, August 18, 2022

Venezuela Hikes Gasoline Prices

By on February 19, 2016

SAN JUAN – The Venezuelan Ministry of Petroleum and Mining has increased the price of gas in the country on Friday after publishing an officially resolution.

The resolution states the 95-octane gas will have a base price of $0.94 and the 91-octane gas will cost $0.16, as President Nicolás Maduro announced Wednesday. Wholesale gas prices will also be determined by the ministry via a circular letter.

The resolution also states that the sale of gas for internal combustion engines in unauthorized stations “is strictly prohibited by the ministry.”

You must be logged in to post a comment Login