Gasoline in Venezuela increases 200,000x
The price of gasoline and gas increased from Thursday to two hundred thousand times
December 06 2018, 8:20 a.m.
translated from Spanish
Even when there is no formal provision to formalize the measure, in practice, as of today, both gasoline and domestic gas, as well as most public services, will increase the legal price dramatically, due to expiration of the so-called strong bolivar, publishes La Nación .
This assertion is made based on the lack of official information in this regard, and the evident and legal loss of value of the bolívar fuerte, decreed by the Presidency of the Republic as of today, which in practice leads to operate only with sovereign bolivars, currency of which fractions do not circulate in reality.
According to national government regulations, until Wednesday they were valid to circulate legally, the bills that were in effect on September 1, when the new monetary cone came into force, from one thousand bolivars to one hundred thousand bolivares fuertes, the latter with the equivalence of a sovereign bolivar, the new national currency.
This implies that at least gasoline, whose cost was one bolívar fuerte per liter, would have to pay - at least the tank filling - with a sovereign, that is, a hundred thousand times more, but given that the currency of a sovereign is not available to everyone, since it is not achieved, you will have to pay at least one ticket of two sovereigns, which increases the increase to two hundred thousand times , its value until yesterday.
In the same way, the price of gas cylinders, in particular of the most used in homes, that of 18 kilograms, will rise formally in almost the same proportion. Of 250 bolivars old or strong that was the official price, it will be necessary to cancel it in the same condition, that is with a ticket of two sovereigns, as long as, both the firemen of the service stations, as the truckers distributors of the domestic gas, accept this payment, because it is known that they were already charging much more.
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https://www.lapatilla.com/2018/12/06/el-precio-de-la-gasolina-y-el-gas-aumento-desde-este-jueves-hasta-doscientas-mil-veces/
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