Petrol in Venezuela might just be the cheapest in the world. You get change from a five bolívar note (a bit more than a dollar at the overvalued official exchange rate) when filling up a tank. People often even tip the person filling the tank more than they actually pay for the petrol itself as they can’t be bothered to wait for the change.
Be that as it may, the government vehemently denies that it is considering raising the price of petrol, despite a recent flurry of speculation that it might, following musings by Hugo Chávez that Venezuela needs to cut domestic fuel consumption during the latest instalment of his Sunday television show. Continue reading »






















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