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BREAKING NEWS
A bacterium protects the lupine from its main threat and would increase grain production in Ecuador
Despite pandemic, air transport of flowers was the second best in eight years
Germany, Ecuador and Ghana concerned about marine plastic pollution
Minister of Government assures that possible links between gangs involved in crimes in Ecuador’s prisons with Mexican and Colombian organizations are being investigated
The judge does not revoke the preventive detention that weighs on Jacobo Bucaram Pulley, but due to a health problem he ordered his house arrest in Guayaquil
Judge dictates preventive detention against three of the 4 detainees in the Isspol case
Low in oil production in Ecuador makes it difficult to take advantage of the so-called ‘super cycle’ of crude prices
Rafael Correa would be behind the riots in the prisons of Ecuador
‘Jorge Chérrez’s companies owe $ 20 million in interest to Isspol’
Ecuador entered the bid for vaccines against covid-19 since July 2020

Venezuela imports gasoline to does not fall victim of the economic crisis

Posted On 15 May 2013

According to the financial statements of Petroleos de Venezuela (PDVSA), published this month, the country exported 30,000 barrels of gasoline and naphtha per day in 2012, however, according to the Department of Energy of Venezuela, during that time, the country imported some 66,300 barrels of the same derivatives from the United States.

Despite being the fifth country with more oil reserves in the world, they spend billions of dollars a year on foreign oil due to the low production of its refineries compared to its domestic demand, especially after a fire in one of the largest refining plants in the country.

Colombia and Brazil traffick gasoline in Venezuela.

Colombia and Brazil traffick gasoline in Venezuela.

One of the reasons for the growing crisis of gasoline could be the low cost of such product in the Bolivarian country. Filling a 40-liter tank with 95-octane premium gasoline costs less than $ 1 in Venezuela. Besides having the cheapest gasoline in the world, they must import a third of its consumption, which affects its finances.

In addition, with the last two currency devaluations from 4.30 to 6.30 bolivars per dollar ordered this year by the government of Nicolas Maduro, the price of gasoline has deteriorated much more: a gallon of 95-octane gasoline now costs  $ 0.015 instead of $ 0.022, at the official exchange rate.

It should be noted that the price of gasoline has never been linked to tax factors but electoral politics. For 17 years its price has been frozen.

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LATEST NEWS

A bacterium protects the lupine from its main threat and would increase grain production in Ecuador

Posted On 26 Feb 2021

Despite pandemic, air transport of flowers was the second best in eight years

Posted On 26 Feb 2021

Germany, Ecuador and Ghana concerned about marine plastic pollution

Posted On 26 Feb 2021
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