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 ...

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 ...

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’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 ...

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.

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.

Venezuela’s budget is 96% dependent on oil revenues, but its status as the world’s major oil producer cannot save it now. There are fears that the 6,000% increase in gas prices in a country ...

Fuel prices, though, are a hot-button issue ... head of opposition party Copei. "But a gas increase, given Venezuela's current economic contraction, will have a devastating effect on the economy ...

In 1998, an IMF-mandated fuel increase sparked protests that ... 12 bolivars it costs for a liter bottle of water "Prices are so cheap in Venezuela that they may make Saudi Arabia and Iran look ...

Separately, it wants to offload Venezuela’s 50-percent stake in ... massacre of protesters rallying against a previous hike in gas prices has gone down in folklore. Independent researchers ...