Venezuelans have never felt compelled to buy smaller, more environment-friendly vehicles and and now still they seem unfazed by the planned fuel hike looming in the distance.

Venezuela’s President Nicolas Maduro said fuel prices would increase starting in June, a historic policy shift after decades of subsidies that have allowed Venezuelans to essentially fill their ...

Politically, the timing is right to increase gas prices. After four elections in little more than a year, Venezuelans aren't scheduled to go to the polls again until late 2015.

Venezuela’s government rolled back an increase in fuel prices in a matter of weeks after it drew pushback from industry groups.

Before the announcement, a liter of high-quality gas in Venezuela cost about 10 centavos or one U.S. penny. Now it costs 6 bolivars or about 60 U.S. cents -- a 6000% price increase. "That's an ...

Venezuela's government rolled back an increase in fuel prices in a matter of weeks.

Venezuela raised fuel prices by 6,000% and devaluated its currency in an attempt to survive the current financial crisis ...

Though Venezuela's 1989 gas hike led to deadly riots, its 60 percent inflation rate is leading officials to talk of raising its bargain basement prices.

Venezuela announces fuel price hike in historic policy shift After decades of subsidies that allowed Venezuelans to essentially fill their tanks for free, fuel prices will increase.

Venezuela's government is laying the groundwork for a 50 percent hike in fuel prices at the pump.

CARACAS, VENEZUELA — Raising gasoline prices is a risky business in oil-rich Venezuela. Past price hikes have sparked deadly rioting in a nation where gasoline costs as little as 12 cents a ...

Venezuela’s government is laying the groundwork for a 50% hike in fuel prices at the pump as it braces for a decrease in revenues after US oil major Chevron and other oil firms halted work in ...