Gasoline Prices in Venezuela remained unchanged at 0.01 USD/Liter in September. This dataset provides the latest reported value for - Venezuela Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The retail price of regular gasoline in Venezuela has remained consistently low over the past two decades, never surpassing *** U.S. dollars per liter. Meanwhile, the price of premium gasoline spiked in recent years, reaching some *** U.S. dollars per liter in 2021 and 2022. This was the highest price for premium gasoline reported since 2016 and 2017, when Venezuela's president Nicolas Maduro raised gasoline retail prices in an effort to shore up the nation's finances. Nevertheless, Venezuela has some of the world's lowest gasoline prices thanks to its large domestic oil production.

The retail price of diesel fuel in Venezuela has been on a downward trend for most of the past two decades. After 2020, however, diesel prices in the South American country started rising and in 2022 one liter of diesel fuel was sold at **** U.S. dollars. Nevertheless, Venezuela has some of the world's lowest diesel prices thanks to its large domestic oil production.

Venezuela VE: Pump Price for Diesel Fuel: USD per Liter data was reported at 0.008 USD in 2014. This records a decrease from the previous number of 0.011 USD for 2012. Venezuela VE: Pump Price for Diesel Fuel: USD per Liter data is updated yearly, averaging 0.015 USD from Dec 1995 (Median) to 2014, with 10 observations. The data reached an all-time high of 0.080 USD in 1998 and a record low of 0.008 USD in 2014. Venezuela VE: Pump Price for Diesel Fuel: USD per Liter data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Transportation. Fuel prices refer to the pump prices of the most widely sold grade of diesel fuel. Prices have been converted from the local currency to U.S. dollars.; ; German Agency for International Cooperation (GIZ).; Median;

The average for 2016 based on 165 countries was 0.98 dollars. The highest value was in Eritrea: 2 dollars and the lowest value was in Venezuela: 0 dollars. The indicator is available from 1991 to 2016. Below is a chart for all countries where data are available.

Gasoline price of Venezuela (Bolivarian Republic of) sank by 99.47% from 0.02 US dollars per liter in 2014 to 0.00 US dollars per liter in 2016. Since the 15.00% jump in 2010, gasoline price plummeted by 99.65% in 2016. Fuel prices refer to the pump prices of the most widely sold grade of gasoline. Prices have been converted from the local currency to U.S. dollars.

Hong Kong had the highest prices for premium gasoline (95-RON) on August 4, 2025. That day, prices averaged 3.58 U.S. dollars per liter, which was notably more than in any other country. While oil-rich countries enjoy some of the lowest gasoline prices, drivers in big car markets such as Europe pay around two U.S. dollars per liter.

In 2024, the Venezuelan gas supply meter market was finally on the rise to reach $66K after seven years of decline. In general, consumption, however, continues to indicate a abrupt downturn. As a result, consumption attained the peak level of $5.2M. From 2015 to 2024, the growth of the market remained at a lower figure.

The average for 2016 based on 19 countries was 0.87 dollars. The highest value was in Uruguay: 1.5 dollars and the lowest value was in Venezuela: 0 dollars. The indicator is available from 1991 to 2016. Below is a chart for all countries where data are available.

0.00 (US dollars per liter) in 2016. Fuel prices refer to the pump prices of the most widely sold grade of gasoline. Prices have been converted from the local currency to U.S. dollars.

Diesel fuel prices of Venezuela (Bolivarian Republic of) sank by 27.27% from 0.01 US dollars per liter in 2012 to 0.01 US dollars per liter in 2014. Since the 10.00% jump in 2010, diesel fuel prices plummeted by 27.27% in 2014. Fuel prices refer to the pump prices of the most widely sold grade of diesel fuel. Prices have been converted from the local currency to U.S. dollars.

Diesel price of Venezuela (Bolivarian Republic of) plummeted by 27.27% from 0.01 US dollars per liter in 2012 to 0.01 US dollars per liter in 2014. Since the 10.00% surge in 2010, diesel price sank by 27.27% in 2014. Fuel prices refer to the pump prices of the most widely sold grade of diesel fuel. Prices have been converted from the local currency to U.S. dollars.

0.01 (US dollars per liter) in 2014. Fuel prices refer to the pump prices of the most widely sold grade of diesel fuel. Prices have been converted from the local currency to U.S. dollars.

On September 29, 2025, the price of ultra-low sulfur unleaded petrol (gasoline) in the United Kingdom averaged 134.36 pence per liter. This compared to 142.24 pence per liter for diesel. Diesel prices were consistently higher than petrol/gasoline prices throughout this period, although the margin varied. Reasons for such differences in pricing lie in the refining process and molecular makeup of the products, with diesel requiring more complex refining processes and being an overall heavier liquid. As motor fuel pricing in the UK is not regulated by a monitoring body, there may also be notable differences in prices between retailers and regions. Supermarkets provide lowest fuel prices in the UK In the UK, much of the motor fuel is sold through supermarkets. Large supermarkets, or hypermarkets, account for more than 40 percent of all motor fuel sales in the country. The reason for their popularity often lies in the fact that they offer lower average prices. In the last four years, regular petrol/gasoline sold at supermarkets was up to six pence per liter cheaper than the national average. How UK fuel prices compare to the rest of the world Tied as they are to crude oil prices, motor fuels are generally cheapest in major producing countries, such as Iran, Venezuela, and Russia. In Europe, costs of importing the raw or finished products, in addition to taxes and levies, may hike up pump prices significantly. The UK is often among the countries with the highest petrol/gasoline prices, alongside other large European car markets such as France and Germany.

As of May 2022, the price of one liter of gasoline in Nicaragua represented around 14 percent of the average daily income of individuals in the country, more than in any other Latin American country that year. On the other side of the spectrum, one liter of gasoline in Venezuela cost some 1.3 percent of the average daily income in the country. This can be contextualized as relating to the fact that Venezuela accounts for the largest share of global oil reserves.

The Venezuelan wood fuel market contracted modestly to $625M in 2024, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Wood fuel consumption peaked at $716M in 2020; however, from 2021 to 2024, consumption failed to regain momentum.

In 2023, supplies from abroad of oil or petrol-filters for internal combustion engines decreased by -47.6% to 2.2M units for the first time since 2019, thus ending a three-year rising trend.

The Venezuelan oil and gas industry, while historically a significant global player, currently faces considerable challenges. The period from 2019 to 2024 witnessed a significant decline in production due to a combination of factors, including underinvestment, sanctions, operational inefficiencies, and political instability. This resulted in a contraction of the market size, impacting both domestic consumption and export capabilities. However, with the global energy transition and increasing demand, the potential for future growth remains, albeit contingent on substantial reforms. The forecast period (2025-2033) presents a mixed outlook. While the base year of 2025 reflects a lower market size than historical highs, a modest Compound Annual Growth Rate (CAGR) is projected, driven by potential increases in foreign investment, assuming a stabilization of the political and economic climate and the implementation of significant upgrades to aging infrastructure. This growth, however, is likely to be slower than global averages and heavily dependent on the resolution of ongoing challenges. Furthermore, diversification into gas production and exploration could contribute to a modest revival, especially if international collaboration is secured to modernize the sector.
The success of this recovery hinges on substantial policy changes, including transparency in resource management, attracting foreign investment through improved regulatory frameworks, and addressing infrastructure deficiencies. The industry needs to adapt to evolving global demands for cleaner energy and transition towards more sustainable practices. Despite the considerable hurdles, the long-term potential of Venezuela's vast oil and gas reserves cannot be disregarded. If the right conditions are established, targeted investments could unlock significant economic potential and reshape the industry's role in the global energy landscape. Recent developments include: In December 2022, the Venezuelan government and American oil company Chevron Corporation signed a contract to resume oil and gas operations in Caracas, Venezuela. This contract aims to continue with the production and development activities in the energy sector, framed within the constitution and the Venezuelan laws that govern oil activity in the country.. Notable trends are: Upstream Sector as a Prominent Market.

In 2024, after two years of decline, there was significant growth in the Venezuelan market for crude oil and processed petroleum, when its value increased by 14% to $11.2B. In general, consumption, however, saw a abrupt decrease. Over the period under review, the market attained the peak level at $62.4B in 2014; however, from 2015 to 2024, consumption failed to regain momentum.

The Venezuelan fuel filter market surged to $21M in 2024, with an increase of 42% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a pronounced shrinkage. Over the period under review, the market hit record highs at $38M in 2013; however, from 2014 to 2024, consumption failed to regain momentum.