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

    Survivor stories from Super Typhoon Haiyan

    Survivor stories from Super Typhoon Haiyan

    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.

    Thou Shalt Not Kill: Israel's Hilltop Youth

    Thou Shalt Not Kill: Israel's Hilltop Youth

    Meet the hardline group willing to do anything, including going against their government, to claim land for Israel.