Venezuela moves to raise petrol price amid crisis

Venezuelans have until the end of the month to register their cars for an unspecified amount of subsidised petrol, before prices go up dramatically for everyone else.

by

    Venezuela is moving ahead with plans to raise the price of petrol.

    With hyperinflation forecast at one million percent by the end of this year, the government is desperate to find ways to increase revenue and stop a billion-dollar market in oil contraband.

    Al Jazeera's Lucia Newman reports from Caracas.


    YOU MIGHT ALSO LIKE

    'We scoured for days without sleeping, just clothes on our backs'

    'We scoured for days without sleeping, just clothes on our backs'

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Unification: Saladin and the Fall of Jerusalem

    Unification: Saladin and the Fall of Jerusalem

    We explore how Salah Ed-Din unified the Muslim states and recaptured the holy city of Jerusalem from the crusaders.