Venezuela is preparing to raise gasoline prices by 50% as the government confronts a looming decline in oil revenue following the suspension of operations by Chevron (CVX) and other foreign energy ...

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 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-owned oil Petroleos de Venezuela SA plans to roll out a price increase of $0.25 per liter to $0.75 across states.

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 ...

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 two decades, Venezuelans have paid just pennies at the pump. But on Wednesday, President Nicolás Maduro announced that they'll soon be paying a lot more. Before the announcement, a liter of ...

Venezuela will increase fuel prices in June, the president said, putting a limit on state subsidies that for decades had allowed citizens to fill their gas tanks virtually for free. A soldier ...

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 ...

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 ...

Venezuela’s government is laying the groundwork for a 50% hike in fuel prices at the pump as it braces for a decrease in revenues after US oil major Chevron and other oil firms halted work in ...