Venezuela increases 2-cent petrol prices to 85 cents a litre

Premium petrol will rise from less than 0.1 bolivars ($0.02) a litre to 6 bolivars ($1.32) — but Mr Maduro has also announced a 37 per cent devaluation of the currency, which would see a price at the pump of around 85 cents a litre. Lower grade petrol would cost around 14 cents a litre. Under the current exchange rate, minimum wage in Venezuela is as low as 32 cents an hour.
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