June 1, 2020 / 10:37 PM / a month ago

Venezuela oil minister says non-subsidized gasoline price to be 50 U.S. cents

CARACAS (Reuters) - Venezuelan Oil Minister Tareck El Aissami on Monday said motorists must pay the equivalent 50 U.S. cents per liter of gasoline after reaching their 120 liter-per-month limit for subsidized fuel.

The South American nation this week launched a new fuel distribution system, ending decades of essentially unlimited heavy subsidies amid an acute fuel shortage.

Reporting by Deisy Buitrago and Luc Cohen; Editing by Leslie Adler

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