Venezuela’s President Nicolas Maduro participates in the process of buying a savings certificate in gold at Venezuela’s Central Bank in Caracas, Venezuela in this handout picture obtained by Reuters September 3, 2018. Miraflores Palace/Handout via REUTERS
September 4, 2018
CARACAS (Reuters) – Venezuela on Tuesday will launch a new payment system for its heavily subsidized gasoline in border areas as part of a pilot program meant to reduce smuggling, President Nicolas Maduro said in televised statements on Monday.
Maduro last month said the country’s gasoline prices, the lowest in the world, should rise to international levels.
(Corrects to show the announcement refers to a new payment system rather than a new price.)
(Reporting by Caracas newsroom; Writing by Brian Ellsworth; Editing by Sandra Maler)
