State-owned oil Petroleos de Venezuela SA plans to roll out a price increase of $0.25 per liter to $0.75 across states, according to three people with knowledge of the situation.

Venezuela will increase fuel prices in June, the president said, putting a limit on state subsidies that for decades had allowed citizens to fill their gas tanks virtually for free.

Motorists should brace for another round of increase in fuel pump prices by petroleum retailers in the coming week. "Based on the four-day trading, prices of petroleum products such as gasoline ...

Venezuela's President Nicolas Maduro, arrives for an official welcoming ceremony at the Saadabad Palace in Tehran, Iran, Saturday, June 11, 2022. (AP Photo/Vahid Salemi) ...