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The reliance on low gasoline prices and sustenance of the same over the years has led to high inflation and over dependence of the economy on the oil sector. Although, the oil surplus due to exports is high, yet the side effects of the overall low gasoline price have been significant.4
High Inflation - The low gasoline prices in Venezuela has created a cascading effect on the demand and supply mechanism for goods in different sectors...
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The reliance on low gasoline prices and sustenance of the same over the years has led to high inflation and over dependence of the economy on the oil sector. Although, the oil surplus due to exports is high, yet the side effects of the overall low gasoline price have been significant.4
High Inflation - The low gasoline prices in Venezuela has created a cascading effect on the demand and supply mechanism for goods in different sectors...
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