Venezuela orders service stations to charge fuel in dollars

Venezuela orders service stations to charge fuel in dollars

At the end of 2021, the price of diesel was readjusted to 0.50 dollars per liter, but the revision had not been carried out, so that service stations offered it at a subsidized price to public transport and freight transport customers. . However, access to the benefit has been cumbersome, which has generated long lines at service stations.

Now, the authorities ordered service stations that charge for fuel in foreign currency to do the same with diesel.

A communication seen by Reuters from PDVSA dated May 26 authorizes a station to collect the “international price” of $0.50 per liter of diesel, equal to the cost of a liter of gasoline.

“That statement was sent to the stations (which sell at international prices) that sold subsidized diesel, which was practically given away, to inform them that from now on diesel will have the same price as gasoline, that is, 0.50 dollar a litersaid a source from the gas station sector.

PDVSA has gradually increased the number of service stations that charge fuel at a higher price, at a time when fuel supply is intermittent.

When the Government of President Nicolás Maduro authorized the revision of the price of gasoline, in June 2020, it considered that Some 200 of some 1,500 stations would sell the fuel for foreign currency. Two years later There are already at least 540 gas stations that are charging in foreign currency.

Part of Public transportation such as food and other basic goods relies heavily on diesel, and price adjustments could drive up travel costs in a country already suffering from high inflation.

the truckers “those who want to get there quickly will have to throw dollarized,” added the consulted source. “The little diesel that is in the subsidized (gas stations) makes tremendous queues (rows) form,” he pointed.

Venezuela has suffered cycles of fuel shortages in recent years as its refining network, with a capacity of 1.3 million barrels per day (bpd), has faced decades of mismanagement and underinvestment. PDVSA and the oil ministry did not immediately return a request for comment.

Source: Ambito

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