CARACAS, (Reuters) – Venezuela’s state oil company PDVSA loses around $1.5 billion a year through domestic subsidies that make the South American OPEC member’s gasoline the cheapest in the world, the energy minister said on Sunday.
At a cost of $0.03-0.04 per liter ($0.11-0.15 per gallon), most Venezuelans can fill their tank for under a dollar. And since deadly
