Venezuela: opposition denounces a 1,900% rise in subsidized gasoline, which went from 0.001 dollars to 0.2 dollars

The former opposition MP from Venezuela Carlos Valero denounced this Monday the 1,900% increase in the price of subsidized gasoline, with which the liter goes from costing 0.005 bolivars (0.001 dollars) to 0.1 bolivars (0.2 dollars).

This increase, announced by the state oil company PDVSA last Saturday, does not affect the price of unsubsidized fuel, whose cost is half a dollar a liter, a price that is difficult to access for millions of Venezuelans with minimum wage, which today is in 7 bolivars, which is equivalent to less than 2 dollars.

The increase measure was adopted after the monetary reconversion that came into effect on October 1, through which six zeros were eliminated from the Venezuelan currency, then called the sovereign bolivar and which was renamed the digital bolivar, PDVSA detailed in a statement.

But the question is: Is there subsidized gasoline? In the interior of the country they do not know what (is) that, while in Caracas they maintain few stations of this type (with subsidies) ”, the opponent said in a Twitter message.

Valero assured that, with the increase, “It is approximately 6 bolivars for each tank of gasoline” what a Venezuelan should pay.

The fuel subsidy method in Venezuela it was announced on May 30 last year and came into effect a day later, after a time of severe gasoline shortages.

With the measure it was allowed to refuel up to 120 liters per month per vehicle at a price of 5,000 sovereign bolivars (which today means 0.005 digital bolivars) per liter, which at that time were exchanged for 0.02 dollars.

After the increase, the new cost of subsidized gasoline remains, at the exchange rate, at two cents, the same price it had when the subsidy policy was introduced.

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