It seems incredible that there is a fuel shortage in Venezuela. Venezuela is, after all an oil country. Until a few months ago, fuel such as gasoline or diesel were abundant. But they sold at a low price under a misleading premise. Namely, that “the government subsidized gasoline to the people.” The truth is that this has generated an irreparable expense to the state.
With limited sources of fuel in the country, a parallel market for the sale of fuel has emerged. One where people who have ample fuel capacity load up only to sell the fuel at a higher price. Ultimately, this has led to an increase in food costs. That is because stores depend directly on ground transportation for sale.
Additionally, this way of obtaining fuel requires sacrificing a great deal of the distributors’ time. It therefore risks a great loss of merchandise. Food stores, after all, work with foods that have a very short lifetime. This fuel shortage in Venezuela has unleashed a domino effect that has negative impact on the food industry. It limits the options of food stores since they could lose their investment. And they waste valuable work time.
Currently, the government under Nicolás Maduro remains reluctant to reveal the new price of gasoline. Even though Maduro announced days before that he would reveal it soon. He said it would be revealed on Monday, September 24. That is the time the electronic payment system was to be implemented in service stations. This was supposed to happen through the so-called “carnet de la patria.” Which, according to the president, ensures that fuel prices continue to be subsidized. Despite the forthcoming increase, the citizens continue in to suffer.