Tuesday, August 11, 2020

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.”

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