[v768]

I live in Venezuela and just looked at my electricity invoice: In November I paid 0,00004 USD/kWh. The prices were raised in December: 0,00016 USD/kWh. If you prefer having your own generator, diesel fuel is 0,0000001 $/L. You can get 7356000 Liters for one dollar. So basically energy is free.

[tomjen3]

How much diesel can you actually buy though? Because if those are the prices then I would like to order a couple super tankers worth of diesel.

[v768]

In some regions, especially close to the borders where there is lots of smuggling, it is hard to find gas. In Caracas you can buy as much as you want but I don't really see the point of having a full tanker truck on my garage lane.

[giarc]

Those diesel prices in USD?

[ufo]

I assume the prices are in Bolivars and that they haven't been reajusted by the government in a while, despite the hyperinflation.

[thiagoharry]

I know that in Venezuela fuel is extremely cheap. After all, they produce lots of petroleum and they follow the political decision to use some of this oil to drop the prices in the internal market, even when exportation prices would make them get more money selling all the oil to foreign countries.

[nonbel]

>"Venezuela: We have calculated the price of diesel using the 2012 benchmark results from the German Development Agency. Then, we updated the data with up-to-date currency values and information on the change in international petroleum prices. Based on these estimates, the price of diesel is 0 U.S. Dollar. For comparison, the average price of diesel in the world for this period is 0.91 U.S. Dollar. " http://www.globalpetrolprices.com/Venezuela/diesel_prices/

Wow.

Edit: It looks like the price is so low scripts are breaking all over the place: "The price of diesel in Venezuela is 0 EUR per liter which is 100% lower than the average world price." http://www.mytravelcost.com/Venezuela/gas-prices/ http://www.mytravelcost.com/Venezuela/gas-prices/

[v768]

Well we "pay" in bolivars but I converted to USD. The price was 0.50 Bolivars (VEB) since I remember. In 2008 they converted to the "Bolivar Fuerte" (Strong Bolivar = VEF) so the price became 0.0005 VEF. The exchange rate is 3684 VEF/USD.