Nicolás Maduro’s regime plans to privatize service stations and raise gasoline prices sharply as Venezuela contends with severe shortages of the fuel
The regime of Nicolás Maduro, grappling with intense gasoline shortages, said it will scale back its longstanding fuel subsidy and privatize service stations, in a significant shift for Venezuelans long accustomed to filling up their cars free of charge.
The measures, which take effect on Monday, are a gamble for Mr. Maduro as he struggles with a devastating economic crisis and tries to outlast U.S.-led sanctions meant to topple his authoritarian administration.
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