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Venezuela: Caracas residents line up to refuel as gas prices increase 02:10

Venezuela: Caracas residents line up to refuel as gas prices increase

Venezuela, Bolivarian Republic of, Caracas
June 1, 2020 at 18:54 GMT -00:00 · Published

Caracas residents lined at gas stations on Monday as the fuel price hike announced by President Nicolas Maduro came into effect.

On Sunday, Maduro said that the price of gasoline would rise to 5,000 bolivars per litre (2,5 US cents). A limit of 120 litres per month per person would also be enforced.

The decision was made after the arrival of Iranian oil tankers, which, as Venezuela hopes, will help solve difficulties with gasoline supplies due to the US sanctions.

Venezuela: Caracas residents line up to refuel as gas prices increase 02:10
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Description

Caracas residents lined at gas stations on Monday as the fuel price hike announced by President Nicolas Maduro came into effect.

On Sunday, Maduro said that the price of gasoline would rise to 5,000 bolivars per litre (2,5 US cents). A limit of 120 litres per month per person would also be enforced.

The decision was made after the arrival of Iranian oil tankers, which, as Venezuela hopes, will help solve difficulties with gasoline supplies due to the US sanctions.

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