Fenegas asked to unify gasoline sales and change the subsidy scheme

El Diario Venezuela - elDiario.com - Fenegas asked to unify gasoline sales and change the subsidy scheme

Fenegas asked to unify gasoline sales and change the subsidy scheme

TL;DR

  • Fenegas president Oscar Prosperi proposed unifying gasoline sales to include premium and economic options at all stations.
  • Prosperi suggested moving from a digital subsidy to direct cash payments to consumers' Patria accounts.
  • This would allow consumers to choose their preferred service station and refueling time.
  • Some gas stations in Caracas have seen a significant drop in sales, over 90%, from 1,000,000 liters to 2,000 liters per month.
  • The pilot program for 'Súper Premium' gasoline (97 octane) at $1 per liter is currently limited to 10 stations in Caracas and a few per state, operating exclusively with U.S. dollar cash transactions.
  • Prosperi noted that the state's fuel price policy is unclear, preventing discussions on potential price increases.