How Venezuelan petrol stations have been hit by the price spike
En Vivo and Gasolina en Venezuela, Venezuela’s state-run oil company, said in a statement Monday that petrol stations across the country were being hit by a sharp spike in the country’s gasoline prices.
“Today we are reporting a new spike in petrol prices,” said Carlos Lopez, president of Gasolina.
“We’ve seen it in Venezuela in the past but this time it’s even worse.
We are seeing petrol stations with very few people on them, with no money left, without money to buy gas, without food and fuel.”
Gasolina said it was taking measures to stop people from being left out of the loop and urged people to return to the pump as soon as possible.
The rise in the price of gasoline was the latest blow to the oil-rich country’s economy.
Oil prices have been plummeting, as the Organization of the Petroleum Exporting Countries has cut production by more than half in recent years.
Oil exports have dropped from about $100 billion to $20 billion per day.