Petrol is cheap

97 bolivares for one litre.

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July 1st 2007
Venezuela sits on large deposits of oil and production and sales of oil is a large industry in the country. In fact oil accounts for almost 90% of Venezuela´s export earnings. The policy here is to hold the price on fuel very low, ridiculously low in fact. It is actually possible to get a full tank of petrol for roughly the same cost as one litre in Sweden! We were one day offered a ride in a ... read more

South America » Venezuela

Venezuela was one of three countries that emerged from the collapse of Gran Colombia in 1830 (the others being Colombia and Ecuador). For most of the first half of the 20th century, Venezuela was ruled by generally benevolent military strongmen, who ... ... read more

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