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… Read More ›
President Nicolas Maduro
Venezuela takes step to block multi-billion oil smuggling business
Oil prices in Venezuela are set to rise to international levels. However, Venezuelans who register their vehicles in the vehicle census that is being carried out by his government will continue to receive subsidized fuel prices. Through a televised address,… Read More ›
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