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Venezuela Introduces New Premium Gasoline at Dollar Price Amid Economic Adjustments

KVIA•Wednesday, April 15, 2026 at 12:32 PM•CNN Newsource

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AI Summary

Venezuela has launched a new type of gasoline called 'super premium,' which is priced at one dollar per liter, equivalent to approximately $3.79 per gallon. This introduction, marked by a change in signage at gas stations, signifies a deeper economic adjustment as the country seeks to align fuel prices with international standards. The payment for this gasoline is exclusively in cash dollars, excluding the local currency and international cards, which poses challenges for many consumers. Additionally, the availability of subsidized gasoline remains inconsistent, particularly affecting public transport in border and remote areas. Experts warn that the high cost of super premium gasoline could be unsustainable for the transportation sector, which relies on fixed fare rates.

Key Details: • Super premium gasoline costs $1 per liter, available only in cash dollars. • Subsidized gasoline is approximately 0.50 bolívares per liter, accessible through the Sistema Patria. • Monthly quotas for subsidized gasoline: 120 liters for vehicles, 60 liters for motorcycles. • Public transport sectors are struggling with fuel supply inconsistencies, especially in border states.

economy transportation venezuela subsidies gasoline

People & Organizations

VenezuelaCaracasBarquisimetoValenciaMaracayJosé Manuel PuentePetróleos de Venezuela (PDVSA)José Luis TrocelSistema Patria

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