Difference between revisions of "Fuel Prices Venezuela"

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Revision as of 17:33, 2 December 2012

Part of: GIZ International Fuel Price database
Also see: Venezuela Energy Situation

Fuel Pricing Policies

Local Currency: VEF
Exchange Rate: 4.2897


(2010/11/17)

Last Update:

Agencies:

“Ministry of Energy- and Mines: Owing to its low production costs (indirect subsidy), it does not raise refinery prices to import parity. It does not use any control or monitoring mechanism for the full price of fuels in service stations since they are regulated.

Petroleos de Venezuela (PDVSA): It only publishes the current prices of oil products. For the month of September, two types of gasoline will be sold in Venezuela: 91 leaded octane and 95 unleaded octane, as part of a programme for improving quality- and rationalizing the consumption of this fuel, which is partly environmentally-friendly”

Source and further information: http://uneprisoe.org/Pricing/FuelPricingPolicies.pdf

Fuel Prices and Trends

Gasoline 95 Octane Diesel
in USD*

in Local Currency

* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil



Fuel Price Composition

Price composition for one litre of Gasoline 95 Octane as of 2010/11/01.


GIZ IFP2012 Venezuela1.png
GIZ IFP2012 Venezuela2.png


Source: http://www.eluniversal.com/2009/03/21/en_eco_esp_venezuela-increases_21A2263443.shtml



At a Glance

Regulation-Price-Matrix
Transparency of
Price Composition
Transparency of Pricing
Mechanism / Monitoring
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Sources to the Public

Type of Information Web-Link / Source
Other Information http://www.claec.org (Latin American Commission of Fuel Companies)
Other Information http://www.mem.gov.ve/ (Ministry of Energy and Mines)
Other Information http://www.pdvsa.com (Petroleos de Venezuela Sociedad Anonima. PDVSA)


Contact

Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de