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Venezuela sees 1st fuel price hike in 20 yrs
short by Aditya Kashyap / on Thursday, 18 February, 2016
Venezuela on Wednesday announced the first rise in petrol prices in 20 years, and a sharp devaluation of the currency. Price for 95 octane gasoline will jump 6,086%, from 0.097 bolivars to 6 bolivars. The move is aimed to shore up the failing economy, hard hit by falling oil prices, which make up 95% of foreign income.
read more at The Guardian