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The Dirección General de Energía, Hidrocarburos y Minas (DGEHM) informed that fuel prices effective from october 31 to november 13, 2023 will decrease.
In the central zone, premium gasoline will drop US$0.32, regular gasoline US$0.28 and diesel for the second time will drop US$0.14. In the western zone , super gasoline will drop US$0.32, regular US$0.28 and diesel US$0.14. Meanwhile, in the eastern zone, super will drop US$0.31, regular US$0.28 cents and diesel US$0.14.
Average prices for special gasoline will be from US$4.16 per gallon to US$4.21; regular gasoline could be between US$3.98 and US$4.02; while diesel between US$4.36 and US$4.40 per gallon.
The Government points out that prices have been lowered by international influence, such as diplomatic efforts in the geopolitical conflict in Israel and Gaza. The lifting of sanctions by the United States on Venezuela to export oil, thus generating a downward trend. Also, the increase in U.S. refinery production and oil reserves.
Translated by: A.M