July 17, 2024



Venezuelans Enduring Day-Long Waits to Fill Gasoline Tanks

Yahoo Finance


(Bloomberg) — Venezuela’s capital city is once again rationing gasoline after output at state-owned refineries slumped, forcing motorists to endure day-long queues to top off tanks.

Shortages have returned to Caracas, prompting drivers to prowl the streets for open filling stations as lines stretch for blocks in some areas. Because of breakdowns at Petroleos de Venezuela SA fuel-making plants, gasoline output has crashed by more than 40% since the end of June, according to two sources with knowledge of the situation.

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