(Reuters, 28.Jun.2020) — Venezuelan state oil firm PDVSA has told independent gas station operators it can revoke their licences “at any time”, only weeks after it cut generous fuel subsidies and as widespread shortages take hold, a notification PDVSA sent to the operators showed. PDVSA has a monopoly over the […]
Tag: subsidy
Venezuela, In Historic Shift, Scales Back Fuel Subsidy
(WSJ, 31.May.2020) — The regime of Nicolás Maduro, grappling with intense gasoline shortages, said it will scale back its longstanding fuel subsidy and privatize service stations, in a significant shift for Venezuelans long accustomed to filling up their cars free of charge. The measures, which take effect on Monday, are […]
Bolivia Eyes 30% Increase In Hydrocarbon Subsidy In 2019
(Energy Analytics Institute, Ian Silverman, 1.Dec.2018) — Bolivia envisions a 30% increase in its hydrocarbon subsidy due to the rise in the price of oil in international markets. The higher oil prices and subsequent subsidy under Bolivia’s General State Budget for 2019, also known as PGE-2019, will result in increased […]