Hiking Gasoline Won’t Fix Venezuela’s Fiscal Problem

(Energy Analytics Institute, Piero Stewart, 27.Jul.2018) – Hiking the price of gasoline in Venezuela won’t fix the OPEC country’s fiscal problem.

That’s according to recent statements from an opposition leader.

“Although the price of fuel has to be raised, it will not be enough to solve the [country’s] fiscal problem,” reported the daily newspaper El Nacional, citing deputy and economist Angel Alvarado.

Venezuela needs worldwide financial assistance, including help from the International Monetary Fund (IMF), said Alvarado.

“That’s why the National Assembly Constituent, which is illegal, must be dissolved to recognize the National Assembly and call for free elections,” he affirmed.