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 ...

CARACAS, Venezuela (AP) – Owners of the 1970s-era gas guzzling trucks and sedans that have long reigned over Caracas' smog-filled roadways will soon have to pay a bit more to keep flaunting ...

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 ...

Owners of the 1970s-era gas guzzling trucks and sedans that have long reigned over Caracas' smog-filled roadways will soon have to pay a bit more to keep flaunting their energy-inefficient ...

Before the announcement, a liter of high-quality gas in Venezuela cost about 10 centavos or one U.S. penny. Now it costs 6 bolivars or about 60 U.S. cents -- a 6000% price increase.

CARACAS (REUTERS) - Venezuela will hike the price of its heavily subsidised gasoline by October, President Nicolas Maduro said on Monday, as the crisis-stricken government seeks to shore up its ...

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 ...

Though still the cheapest place in the world to buy gas at the pump—coming at even with the price hike at about $0.11 per gallon—for Venezuelans, it’s an increase of over 6,000%.

CARACAS, VENEZUELA — Raising gasoline prices is a risky business in oil-rich Venezuela. Past price hikes have sparked deadly rioting in a nation where gasoline costs as little as 12 cents a ...

President Nicolas Maduro is mulling a politically risky move to raise highly-subsidized gasoline prices in Venezuela for the first time in 17 years, but he may be put off for now by fears of a ...

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 ...