Venezuela: World's cheapest fuel

Published August 25, 2012
Smuggling is extremely common in Zulia, an opposition stronghold next to the Colombian border, which happens to also be the birthplace of Venezuela's oil industry.
Smuggling is extremely common in Zulia, an opposition stronghold next to the Colombian border, which happens to also be the birthplace of Venezuela's oil industry.
A man extracts gasoline from a Venezuelan car in Cucuta, Colombia, at the border with Venezuela. The government is pushing ahead with the unpopular measure in an attempt to end a business that experts say is more profitable than drug-trafficking
A man extracts gasoline from a Venezuelan car in Cucuta, Colombia, at the border with Venezuela. The government is pushing ahead with the unpopular measure in an attempt to end a business that experts say is more profitable than drug-trafficking
Venezuela imports increasing amounts of petrol from the US, as output at its own refineries declines due to a lack of investment.
Venezuela imports increasing amounts of petrol from the US, as output at its own refineries declines due to a lack of investment.
A close up of a gasoline rationing chip on a car in San Cristobal, Tachira state, Venezuela.
A close up of a gasoline rationing chip on a car in San Cristobal, Tachira state, Venezuela.
A man extracts gasoline from a Venezuelan car in Cucuta, Colombia, at the border with Venezuela. The Venezuelan government implanted a gasoline rationing chip in vehicles in the states of Tachira and Zulia, in the border with Colombia, to combat smuggling from Venezuela, a country with the world's cheapest fuel.
A man extracts gasoline from a Venezuelan car in Cucuta, Colombia, at the border with Venezuela. The Venezuelan government implanted a gasoline rationing chip in vehicles in the states of Tachira and Zulia, in the border with Colombia, to combat smuggling from Venezuela, a country with the world's cheapest fuel.
The way the government is doing it is by installing a chip on each vehicle. The idea is to put a maximum weekly limit on the number of liters each car can purchase.
The way the government is doing it is by installing a chip on each vehicle. The idea is to put a maximum weekly limit on the number of liters each car can purchase.
A ?pinpinero? man selling smuggled gasoline, waits for clients near a highway in Cucuta, Colombia, on its border with Venezuela. According to the latest report from UK website, a liter of gasoline in Venezuela costs about eight pennies.
A ?pinpinero? man selling smuggled gasoline, waits for clients near a highway in Cucuta, Colombia, on its border with Venezuela. According to the latest report from UK website, a liter of gasoline in Venezuela costs about eight pennies.

The Venezuelan government implanted a gasoline rationing chip in vehicles in the states of Tachira and Zulia, in the border with Colombia, to combat smuggling from Venezuela, a country with the world's cheapest fuel. But, a few meters from the border, on the Colombian side, the illegal “transfusion” between vehicles is still in the agenda. – Photos by AFP

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Closed doors
Updated 08 Jan, 2025

Closed doors

The nation’s fate has been decided through secret deals for too long, with the result that the citizenry has become increasingly alienated from the state.
Debt burden
08 Jan, 2025

Debt burden

THE federal government’s total debt stock soared by above 11pc year-over-year to Rs70.4tr at the end of November,...
GB power crisis
08 Jan, 2025

GB power crisis

MASS protests are not a novelty in Pakistan, and when the state refuses to listen through the available channels —...
Fragile peace
Updated 07 Jan, 2025

Fragile peace

Those who have lost loved ones, as well as those whose property has been destroyed in the clashes, must get justice.
Captive power cut
07 Jan, 2025

Captive power cut

THE IMF’s refusal to relax its demand for discontinuation of massively subsidised gas supplies to mostly...
National embarrassment
Updated 07 Jan, 2025

National embarrassment

The global eradication of polio is within reach and Pakistan has no excuse to remain an outlier.