Skip to main content

DAY OF RECKONING FOR VENEZUELA GAS PRICES ??? ...










http://www.energy-daily.com/reports/Venezuela_to_raise_domestic_gas_prices_999.html









Venezuela to raise domestic gas prices?




by Staff Writers
Caracas, Venezuela (UPI) Dec 20, 2013



disclaimer: image is for illustration purposes only











Venezuelan President Nicolas Maduro signaled he wants to raise gasoline prices, which are considered among the cheapest in the world at about 5 cents a gallon.





"Without a doubt there's a distortion that we need to correct," Maduro said Wednesday, in reference to the country's highly subsidized gasoline. 



His comments came during a rare meeting with opposition political leaders, the Wall Street Journal reports.




While the government should continue offering "special" prices for the domestic market, the president said, the subsidy "should be an advantage, not a disadvantage."





The gasoline subsidy costs Venezuela about $12.5 billion a year.





The president spoke of a "plan that should take us some three years for setting prices of hydrocarbons and their derivatives in the national market."





Maduro added it should be a "progressive plan with national consensus."





Violent riots erupted the last time the Venezuelan government made cuts in fuel subsidies, in 1989, under President Carlos Andres Perez.






Maduro also said a plan to raise gasoline prices should not increase inflation.





Venezuela's inflation is currently around 54 percent, which is one of the highest rates in the world.




Extra revenue from gasoline sales could be used to fund social programs such as a state housing initiative, business loans and benefits for the elderly, Maduro said.





J.P. Morgan in a report last week said the Venezuelan president has a "golden opportunity" to move forward with steps such as raising gasoline prices, citing a strong showing for Maduro's allies in municipal elections this month and with the next elections still two years away.







Venezuela has the second-largest natural gas reserves in the Western Hemisphere and ranks as one of the top suppliers of oil to the United States.





Venezuelan Oil Minister Rafael Ramirez, who is also president of the country's state-owned energy company Petroleos de Venezuela, known as PDVSA, in a televised news conference earlier this week acknowledged in addition to losses from the subsidies, Venezuela's low-cost gasoline is smuggled to neighboring Colombia and sold at market prices, amounting to losses of nearly 100,000 barrels a day.









Noting a bottle of water costs about the same as 19 gallons of gasoline, Ramirez said Venezuela "is the country with the cheapest gasoline in the world, it's not a point of pride ... it makes no sense."









Even the late President Hugo Chavez had once remarked in a 2009 episode of his "Alo Presidente" television show: "One day, we have to adjust those prices. We're practically giving away gasoline."












Popular posts from this blog

THE MOST SOUGHT AFTER MANGOES IN THE WORLD ....

While "Flavor" is very subjective, and each country that grows mangoes is very nationalistic, these are the mango varieties that are the most sought after around the world because of sweetnesss (Brix) and demand.

The Chaunsa has a Brix rating in the 22 degree level which is unheard of!
Carabao claims to be the sweetest mango in the world and was able to register this in the Guiness book of world records.
Perhaps it is time for a GLOBAL taste test ???





In alphabetical order by Country....










India




Alphonso





Alphonso (mango)
From Wikipedia, the free encyclopedia








Alphonso (हापुस Haapoos in Marathi, હાફુસ in Gujarati, ಆಪೂಸ್ Aapoos in Kannada) is a mango cultivar that is considered by many[who?] to be one of the best in terms of sweetness, richness and flavor. 


It has considerable shelf life of a week after it is ripe making it exportable. 

It is also one of the most expensive kinds of mango and is grown mainly in Kokan region of western India.

 It is in season April through May and the fruit wei…

Mangoes date back 65 million years according to research ...

Experts at the Birbal Sahni Institute of Palaeobotany (BSIP) here have traced the origin of mango to the hills of Meghalaya, India from a 65 million year-old fossil of a mango leaf. 





The earlier fossil records of mango (Mangifera indica) from the Northeast and elsewhere were 25 to 30 million years old. The 'carbonized leaf fossil' from Damalgiri area of Meghalaya hills, believed to be a mango tree from the peninsular India, was found by Dr R. C. Mehrotra, senior scientist, BSIP and his colleagues. 




After careful analysis of the fossil of the mango leaf and leaves of modern plants, the BISP scientist found many of the fossil leaf characters to be similar to mangifera.


An extensive study of the anatomy and morphology of several modern-day species of the genus mangifera with the fossil samples had reinforced the concept that its centre of origin is Northeast India, from where it spread into neighbouring areas, says Dr. Mehrotra. 




The genus is believed to have disseminated into neighb…

DHL (INDIA) makes gifting mangoes as easy as 1-2-3-....

Gifting mangoes is now easy with DHL
Announcement / Corporate


 May 19, 2011, 14:04 IST





Come this summer pamper your loved ones abroad with a box of delicious mangoes through DHL’s Express Easy Mango service, a unique one-stop-shop and hassle-free service for gifting mangoes all across the world.






This unique service by DHL Express, the world’s leading express company, allows customers to send mangoes from India across the world to the following countries Belgium, Canada, Czech Republic, Germany, Greece, Hungary, Hong Kong, Italy, Luxemburg, Maldives, Netherlands, Norway, Oman, Qatar Singapore, Switzerland and Sweden.





Mangoes can be availed of free of cost by merely paying for the Air Express service. In addition, DHL Express assists customers with the necessary paperwork along with procurement of quality-grade Alphonso mangoes.





Commenting on the new service, Mr. R.S Subramanian, Country Head, DHL Express India said: “With the advent of the mango season, it is no wonder that DHL Express Ea…