Venezuela's government hiked gasoline prices to VES 5,000 per liter, or USD 0.02, starting on June 1st in a historic move, after decades of subsidies that have allowed Venezuelans to fill their tanks almost for free. Premium fuel will be sold at USD 0.5 per liter. Gasoline will be limited to 120 liters per month per vehicle, the equivalent of 30 gallons.

Gasoline Prices in Venezuela averaged 0.01 USD/Liter from 2020 until 2020, reaching an all time high of 0.02 USD/Liter in June of 2020 and a record low of 0 USD/Liter in February of 2020. This page provides the latest reported value for - Venezuela Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Venezuela Gasoline Prices - values, historical data and charts - was last updated on October of 2020. source: Ministerio del Poder Popular de Petróleo y Mineria

Gasoline Prices in Venezuela is expected to be 0.02 USD/Liter by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Gasoline Prices in Venezuela to stand at 0.02 in 12 months time. In the long-term, the Venezuela Gasoline Prices is projected to trend around 0.02 USD/Liter in 2021 and 0.01 USD/Liter in 2022, according to our econometric models.

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Venezuela Gasoline Prices

Actual Previous Highest Lowest Dates Unit Frequency
0.02 0.02 0.02 0.00 2020 - 2020 USD/Liter Monthly

Venezuela Consumer Last Previous Highest Lowest Unit
Consumer Confidence 66.00 74.00 89.00 57.00 points [+]
Retail Sales Mom -29.60 -8.70 84.50 -47.60 percent [+]
Retail Sales YoY -53.50 -56.20 60.30 -56.20 percent [+]
Consumer Spending 3819.00 5057.00 12336.00 3819.00 VEF Million [+]
Private Sector Credit 59180415.50 46004545.60 59180415.50 5.83 VEF Million [+]
Gasoline Prices 0.02 0.02 0.02 0.00 USD/Liter [+]