{"id":348416,"date":"2020-04-27T11:05:54","date_gmt":"2020-04-27T05:35:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=348416"},"modified":"2020-04-27T12:06:52","modified_gmt":"2020-04-27T06:36:52","slug":"venezuelas-petrol-goes-from-worlds-cheapest-to-steepest-as-fuel-shortages-bite","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/venezuelas-petrol-goes-from-worlds-cheapest-to-steepest-as-fuel-shortages-bite\/","title":{"rendered":"Venezuela&#8217;s petrol goes from world&#8217;s cheapest to steepest as fuel shortages bite"},"content":{"rendered":"<p>Venezuelans reported paying above $2 per liter ($7.57 per gallon) for gasoline last week amid fuel shortages, one of the world&#8217;s highest rates and a dramatic reversal for an OPEC nation that long boasted of having the world&#8217;s cheapest fuel. <\/p>\n<p>Thanks to subsidies under socialist former President Hugo Chavez and his succesor and protege, Nicolas Maduro, gasoline sold by state oil company PDVSA &#8211; which has a legal monopoly on fuel sales &#8211; is essentially free in Venezuela. <\/p>\n<p>Motorists offer pump workers tips of snacks or a few hundred bolivares &#8211; under 10 U.S. cents &#8211; instead of payment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Venezuelans reported paying above $2 per liter ($7.57 per gallon) for gasoline last week amid fuel shortages, one of the world&#8217;s highest rates and a dramatic reversal for an OPEC nation that long boasted of having the world&#8217;s cheapest fuel. Thanks to subsidies under socialist former President Hugo Chavez and his succesor and protege, Nicolas Maduro, gasoline sold by state oil company PDVSA &#8211; which has a legal monopoly on fuel sales &#8211; is essentially free in Venezuela. Motorists offer pump workers tips of snacks or a few hundred bolivares &#8211; under 10 U.S. cents &#8211; instead of payment.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-348416","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=348416"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348416\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=348416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=348416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=348416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}