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.


    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.


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