Posts tagged as Caracas

Venezuela crisis: Maduro to curb fuel subsidies

Tuesday, August 14, 2018

Venezuela’s president has said its subsidised fuel prices should rise, to stop smugglers cheating the country out of billions of dollars. “Gasoline must be sold at an international price to stop smuggling to Colombia and the Caribbean,” Nicolás Maduro said in a televised address. Like many oil producing nations, Venezuela offers its citizens heavily subsidised petrol. A fuel price rise in 1989 caused deadly riots in the capital, Caracas. What’s…