Venezuela’s government will impose a 20-fold increase in subsidized gasoline prices starting Sunday, according to a statement from state oil company PDVSA.The rise in subsidized fuel prices ...

Venezuela Hikes Diesel Prices After Cutting Fuel Subsidy. ... the country’s state-owned oil company Petroleos de Venezuela SA is set to increase the price of diesel for businesses to $0.32 per ...

Venezuela’s government rolled back an increase in fuel prices in a matter of weeks after it drew pushback from industry groups. The country’s state-owned oil company Petroleos de Venezuela SA ...

The government in Venezuela raises the price on petrol by more than 6,000% in an attempt to ease the country's economic crisis.

CARACAS, Venezuela (AP) – Owners of the 1970s-era gas guzzling trucks and sedans that have long reigned over Caracas' smog-filled roadways will soon have to pay a bit more to keep flaunting ...

Venezuela’s President Nicolas Maduro said fuel prices would increase starting in June, a historic policy shift after decades of subsidies that have allowed Venezuelans to essentially fill their ...

CARACAS (REUTERS) - Venezuela will hike the price of its heavily subsidised gasoline by October, President Nicolas Maduro said on Monday, as the crisis-stricken government seeks to shore up its ...

CARACAS (Reuters) - Venezuela will hike the price of its heavily subsidized gasoline by October, President Nicolas Maduro said on Monday, as the crisis-stricken government seeks to shore up its ...

Venezuela will not hike its domestic gasoline price, the South American country's energy minister said, after an increase in China caused world oil prices to fall on Thursday.

CARACAS, VENEZUELA — Raising gasoline prices is a risky business in oil-rich Venezuela. Past price hikes have sparked deadly rioting in a nation where gasoline costs as little as 12 cents a ...

CARACAS, Nov 14 (Reuters) - Venezuela is still considering raising domestic fuel prices that are the world's cheapest, and is taking a big hit in revenues due to the global fall in oil prices ...

Before the announcement, a liter of high-quality gas in Venezuela cost about 10 centavos or one U.S. penny. Now it costs 6 bolivars or about 60 U.S. cents -- a 6000% price increase.