The initiative is aimed at curbing rampant smuggling of gasoline, which are the lowest in the world.

On Tuesday, Venezuela is set to start the implementation of a new payment system for its heavily subsidized gasoline in border areas as part of a pilot initiative aimed at cutting the smuggling of the oil.

The new measure was announced by President Nicolas Maduro in televised statements on Monday.

The development comes in the wake of Maduro wanting to take Venezuela’s gasoline prices, which are the lowest in the world, to international levels.

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Tags: border areas, international levels, international prices, pilot initiative, President Nicolas Maduro, subsidized gasoline, Venezuela, Venezuelan