News Venezuela petrol prices need to rise to global levels to prevent fuel smuggling, says Nicolás Maduro. Use the drop menu to see the prices in gallons. On the contrary, there are some European countries, wherein a litre of petrol costs over 2 … Like many oil producing nations, Venezuela offers its citizens heavily subsidised petrol. Set up a Rate Alert Set up a Rate Alert.
The currency code for Bolívares is VEF, and the currency symbol is Bs.. What's behind the move? A fuel price rise in 1989 caused deadly riots in the capital, Caracas. It has a similar arrangement with Turkey, China and Russia. Venezuela wants India to buy its oil and pay in rupees, which the South American country can in turn use for trading India food products and medicines. XE Currency Converter: 1 VEF to INR = 7.64245 Indian Rupees. For comparison, the average price of gasoline in the world for this period is 10857.82 Venezuelan Bolivar. A proposal to start payments in rupees was discussed with India's finance and petroleum ministries in March. For comparison, the average price of diesel in the world for this period is 8242.21 Venezuelan Bolivar. Venezuela: The price of octane-95 gasoline is 6 Venezuelan Bolivar per liter.
... Our currency rankings show that the most popular Venezuela Bolívar exchange rate is the VEF to USD rate. Venezuela: The price of diesel is 0.1 Venezuelan Bolivar per liter. The chart below shows the price of gasoline in the country relative to other countries. The chart below shows the price of diesel in the country relative to other countries. Among top ten cheapest, five countries are located in Asia continent , four in Africa and one in South America. Venezuela raises petrol prices for the first time in 20 years as part of a series of measures aimed at easing an economic crisis. Hong Kong has costliest price of $2.15 followed by Central African Rep. and Barbados. Venezuela has cheapest price just $0.01 per liter followed by Iran ($0.09).

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