Venezuela Tests Higher Fuel Prices as Oil Sector Opens


Since 2020, Venezuela has operated a dual-pricing system for regular fuel, with a heavily subsidized tier of less than a cent per liter and a higher-priced option at 50 cents a liter, or $1.89 a gallon. At selected PDVSA stations, premium gasoline is now being sold for $1 a liter, or $3.78 a gallon, bringing prices closer to US levels.



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