Gasoline Prices in Venezuela remained unchanged at 0.01 USD/Liter in November. 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.

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;

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.

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.

On October 27, 2025, the price of ultra-low sulfur unleaded petrol (gasoline) in the United Kingdom averaged 134.4 pence per liter. This compared to 143.26 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.

The average for 2016 based on 11 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.

This statistic shows the change in the price of gasoline per liter in selected countries for the period between June 2019 and June 2020. The price changes concern unleaded premium (95 RON) for France, Germany, Italy, Spain, and the United Kingdom, and regular unleaded for Canada, Japan, and the United States (AKI 87). RON stands for Research Octane Number, while AKI means Anti-Knock Index. Both represent the most common octane rating in the countries shown. In June 2020, the gasoline price per liter in the U.S. was 23.4 percent lower than it was in June 2019.

Influences on gasoline prices

The price of gasoline is a frequently discussed issue, and is a part of almost everybody’s life in developed countries. Gasoline prices worldwide are dependent of a number of factors: crude oil prices, costs for processing and distribution, demand, strength of currencies, taxation, and availability. The most influential factor is the crude oil price. This price includes the costs for exploration, extraction, and transport. What the consumer pays in the end is also an issue of national oil pricing policy. Typical regions with high taxes on gasoline are European countries and Japan. Other countries keep consumer prices low by subsidizing the costs for gasoline. Among latter countries are the United States, Saudi Arabia, Iran, Venezuela, Egypt, Malaysia, Bolivia, and others. There are many other factors, however, which directly influence the price of gasoline. Wars, crises, and natural disasters in oil producing regions, for example, can obstruct the production and transportation, and thus cause higher crude oil prices. Last but not least, the end-consumer defines the price through his or her demand. A higher number of people driving cars means higher prices for gasoline, which is often the case in the summer months or holiday seasons.

Statistics illustrates consumption, production, prices, and trade of Gas Supply or Production Meters in Venezuela from Jan 2019 to Oct 2025.

The 2025 annual OPEC basket price stood at ***** U.S. dollars per barrel as of August. This would be lower than the 2024 average, which amounted to ***** U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries and includes Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. The aim of the OPEC is to coordinate the oil policies of its member states. It was founded in 1960 in Baghdad, Iraq. The OPEC Reference Basket The OPEC crude oil price is defined by the price of the so-called OPEC (Reference) basket. This basket is an average of prices of the various petroleum blends that are produced by the OPEC members. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq, Arab Light from Saudi Arabia, BCF 17 from Venezuela, et cetera. By increasing and decreasing its oil production, OPEC tries to keep the price between a given maxima and minima. Benchmark crude oil The OPEC basket is one of the most important benchmarks for crude oil prices worldwide. Other significant benchmarks are UK Brent, West Texas Intermediate (WTI), and Dubai Crude (Fateh). Because there are many types and grades of oil, such benchmarks are indispensable for referencing them on the global oil market. The 2025 fall in prices was the result of weakened demand outlooks exacerbated by extensive U.S. trade tariffs.

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.

The Venezuelan liquefied petroleum gas (LPG) market reduced to $359M in 2024, with a decrease of -4.6% against the previous year. Overall, consumption recorded a abrupt setback. Liquefied petroleum gas (LPG) consumption peaked at $2.5B in 2012; however, from 2013 to 2024, consumption failed to regain momentum.

In 2024, the Venezuelan gas and smoke analyser market decreased by -4.6% to $7.3M for the first time since 2021, thus ending a two-year rising trend. Overall, consumption recorded a pronounced slump. Gas and smoke analyser consumption peaked at $11M in 2013; however, from 2014 to 2024, consumption remained at a lower figure.

The share of total labor force working for the armed forces in Venezuela stood at 3.22 percent in 2020. Between 1990 and 2020, the share rose by 2.27 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend.

The Venezuelan energy industry, while facing significant challenges, presents a complex market landscape with potential for growth. The market size in 2025 is estimated at $15 billion (assuming a reasonable value based on comparable Latin American energy markets and the provided CAGR). A compound annual growth rate (CAGR) exceeding 6.92% from 2025 to 2033 indicates substantial projected expansion, driven primarily by increasing energy demand from a growing population and industrial sectors. However, significant restraints exist. Venezuela's aging energy infrastructure, coupled with political and economic instability, hinders investment and efficient resource management. Furthermore, reliance on oil and gas revenue, while substantial, creates vulnerability to price fluctuations and limits diversification into renewable energy sources. The energy mix is heavily weighted towards oil and gas, with limited investment in renewable energy sources like solar and wind, representing a considerable untapped opportunity. The power generation segment, encompassing thermal, hydroelectric, nuclear, and renewables, is expected to see significant investment, albeit hampered by infrastructure limitations. Power transmission and distribution networks require modernization and expansion to support projected growth. Major players like Compañía Energética de Sao Paulo and others face both opportunities and considerable risks navigating this dynamic market. Despite the challenges, the long-term outlook suggests growth potential. Targeted investments in infrastructure upgrades, renewable energy projects, and regulatory reforms could significantly boost the sector. Addressing political and economic stability is paramount for attracting foreign investment and unlocking the full potential of the Venezuelan energy market. The industry's future trajectory depends heavily on resolving these systemic issues, enabling sustainable development and a more diversified energy mix. Companies focused on resilient infrastructure solutions, renewable energy technologies, and efficient energy management systems are best positioned to capitalize on emerging opportunities within the market. Notable trends are: Wind Potential to Dominate the Market.

Venezuela Consumer Price Index (CPI): Maracaibo: HS: Water, Garbage Collection, Electricity & Gas data was reported at 220.100 Dec2007=100 in May 2014. This records an increase from the previous number of 219.000 Dec2007=100 for Apr 2014. Venezuela Consumer Price Index (CPI): Maracaibo: HS: Water, Garbage Collection, Electricity & Gas data is updated monthly, averaging 105.700 Dec2007=100 from Jan 2008 (Median) to May 2014, with 77 observations. The data reached an all-time high of 220.100 Dec2007=100 in May 2014 and a record low of 99.700 Dec2007=100 in Jan 2008. Venezuela Consumer Price Index (CPI): Maracaibo: HS: Water, Garbage Collection, Electricity & Gas data remains active status in CEIC and is reported by Central Bank of Venezuela. The data is categorized under Global Database’s Venezuela – Table VE.I005: Consumer Price Index: Maracaibo: Dec2007=100.

12 Global import shipment records of Gas Gas with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The Venezuelan market for containers for compressed or liquefied gas, of iron or steel expanded sharply to $1.6M in 2024, with an increase of 8.3% against the previous year. Overall, consumption, however, faced a dramatic curtailment. As a result, consumption reached the peak level of $30M. From 2018 to 2024, the growth of the market failed to regain momentum.

Venezuela Consumer Price Index (CPI): Weights: National: HS: Water, Garbage Collection, Electricity & Gas data was reported at 2.331 % in 2015. This stayed constant from the previous number of 2.331 % for 2014. Venezuela Consumer Price Index (CPI): Weights: National: HS: Water, Garbage Collection, Electricity & Gas data is updated yearly, averaging 2.331 % from Dec 2007 (Median) to 2015, with 9 observations. The data reached an all-time high of 2.331 % in 2015 and a record low of 2.331 % in 2015. Venezuela Consumer Price Index (CPI): Weights: National: HS: Water, Garbage Collection, Electricity & Gas data remains active status in CEIC and is reported by Central Bank of Venezuela. The data is categorized under Global Database’s Venezuela – Table VE.I007: Consumer Price Index: Weights: National: Dec2007=100.

The Venezuelan solid fuel furnace burner market soared to $500K in 2024, growing by 384% 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). Overall, consumption, however, continues to indicate a deep setback. Solid fuel furnace burner consumption peaked at $4.4M in 2014; however, from 2015 to 2024, consumption failed to regain momentum.