Venezuela’s government is laying the groundwork for a 50% hike in fuel prices at the pump as it braces for a decrease in ...

Venezuela is preparing to raise gasoline prices by 50% as the government confronts a looming decline in oil revenue following ...

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 ...

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 ...

For almost 20 years petrol in Venezuela has cost virtually nothing. It had been almost free for people living in the oil-rich country. Now prices are suddenly going up and quite substantially.

CARACAS (Reuters) - Venezuela will not hike its domestic gasoline price, the South American ... Venezuelan consumers typically assume cheap fuel is a national right in a country with some of ...

Maduro did not offer additional details. Any increase would mark the first time in 20 years that Venezuela has significantly raised fuel prices, which have been a sensitive issue ever since riots ...

CARACAS, Nov 14 (Reuters) - Venezuela is still considering raising domestic fuel prices that are ... previously suggested it could hike the heavily subsidized price of gasoline, which sells ...

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 ...

State oil company Petroleos de Venezuela SA (PDVSA) plans to increase the price at the pump from $0.50 to $0.75 per liter. While the new pricing has already been communicated to private fuel ...

Venezuelans have never felt compelled to buy smaller, more environment-friendly vehicles and and now still they seem unfazed by the planned fuel hike looming in the distance.

Venezuela's past shows he has reason to be wary of the price hike's impact. When Venezuela's government raised fuel prices in 1989, it pushed up bus fares and angered the country's poor majority ...