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

Digital growth
Updated 25 Apr, 2024

Digital growth

Democratising digital development will catalyse a rapid, if not immediate, improvement in human development indicators for the underserved segments of the Pakistani citizenry.
Nikah rights
25 Apr, 2024

Nikah rights

THE Supreme Court recently delivered a judgement championing the rights of women within a marriage. The ruling...
Campus crackdowns
25 Apr, 2024

Campus crackdowns

WHILE most Western governments have either been gladly facilitating Israel’s genocidal war in Gaza, or meekly...
Ties with Tehran
Updated 24 Apr, 2024

Ties with Tehran

Tomorrow, if ties between Washington and Beijing nosedive, and the US asks Pakistan to reconsider CPEC, will we comply?
Working together
24 Apr, 2024

Working together

PAKISTAN’S democracy seems adrift, and no one understands this better than our politicians. The system has gone...
Farmers’ anxiety
24 Apr, 2024

Farmers’ anxiety

WHEAT prices in Punjab have plummeted far below the minimum support price owing to a bumper harvest, reckless...