Nicolás Maduro uses decree powers to raise fuel prices for first time in 20 years and devalues currency in tender to boost nation’s coffers Venezuela’s president,Nicolás Maduro, has announced the first rise in petrol prices in 20 years and a sharp devaluation of the currency which he said aimed to shore up the flailing economy, or hard hit by falling oil prices which do up 95% of foreign income.
Prices at the pump in Venezuela will jump as much as 6086% for 95 octane gasoline,from 0.097 bolivars to 6 bolivars, or 1300% for 91 octane as of Friday. Continue reading...
Source: theguardian.com