CARACAS, Venezuela — President Nicolás Maduro said that starting Monday Venezuelans will be able to buy gasoline at international market prices, marking a historic break in…
CARACAS, Venezuela —
President Nicolás Maduro said that starting Monday Venezuelans will be able to buy gasoline at international market prices, marking a historic break in the socialist country’s practice of having the world’s cheapest fuel.
Across the nation, 200 filling stations will allow drivers to fuel up for the equivalent of 50 cents a liter, or $1.90 a gallon. Venezuelans will also be able to buy a limited amount of subsidized gasoline each month, paying $0.025 a liter, less than a penny a gallon.
The government will continue to pay for all fuel used by public transportation, Maduro said.
“The time has come to move toward a new policy, toward a new normality, toward a new situation,” Maduro said in a Saturday state TV broadcast, calling it a step to “regularizing” the costs.
