The retail price of regular gasoline in Venezuela has remained consistently low over the past two decades, never surpassing 0.1 U.S. dollars per liter. Meanwhile, the price of premium gasoline spiked in recent years, reaching some 0.5 U.S. dollars per liter in 2021 and 2022. This was the highest price for premium gasoline reported since 2016 and 2017, when Venezuela's president Nicolas Maduro raised gasoline retail prices in an effort to shore up the nation's finances. Nevertheless, Venezuela has some of the world's lowest gasoline prices thanks to its large domestic oil production.
Retail price of regular and premium gasoline in Venezuela from 2001 to 2022
(in U.S. dollars per liter)
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Economic Commission for Latin America and the Caribbean. (January 5, 2023). Retail price of regular and premium gasoline in Venezuela from 2001 to 2022 (in U.S. dollars per liter) [Graph]. In Statista. Retrieved January 05, 2025, from https://www.statista.com/statistics/1454399/annual-regular-and-premium-gasoline-price-venezuela/
Economic Commission for Latin America and the Caribbean. "Retail price of regular and premium gasoline in Venezuela from 2001 to 2022 (in U.S. dollars per liter)." Chart. January 5, 2023. Statista. Accessed January 05, 2025. https://www.statista.com/statistics/1454399/annual-regular-and-premium-gasoline-price-venezuela/
Economic Commission for Latin America and the Caribbean. (2023). Retail price of regular and premium gasoline in Venezuela from 2001 to 2022 (in U.S. dollars per liter). Statista. Statista Inc.. Accessed: January 05, 2025. https://www.statista.com/statistics/1454399/annual-regular-and-premium-gasoline-price-venezuela/
Economic Commission for Latin America and the Caribbean. "Retail Price of Regular and Premium Gasoline in Venezuela from 2001 to 2022 (in U.S. Dollars per Liter)." Statista, Statista Inc., 5 Jan 2023, https://www.statista.com/statistics/1454399/annual-regular-and-premium-gasoline-price-venezuela/
Economic Commission for Latin America and the Caribbean, Retail price of regular and premium gasoline in Venezuela from 2001 to 2022 (in U.S. dollars per liter) Statista, https://www.statista.com/statistics/1454399/annual-regular-and-premium-gasoline-price-venezuela/ (last visited January 05, 2025)
Retail price of regular and premium gasoline in Venezuela from 2001 to 2022 (in U.S. dollars per liter) [Graph], Economic Commission for Latin America and the Caribbean, January 5, 2023. [Online]. Available: https://www.statista.com/statistics/1454399/annual-regular-and-premium-gasoline-price-venezuela/
