DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Venezuela: Land of 12-Cent Gas

**otheloComRole** · 05-28-2008, 08:45 AM

The prices are subsidized, so it really doesn't cost 12 cents, it costs more in reality. Also, what is an average salary there? I wouldn't mind paying $120 a gallon if I was making $300 million a year.

There you go. Do some math now.

The minimum monthly wage in Venezuela is 800 bolivars, or about 370 US dollars, and a liter of gas costs 0.1 bolivars (four US cents) -- making it virtually free.

05-28-2008, 08:45 AM	#4
otheloComRole Join Date Oct 2005 Posts 433 Senior Member	The prices are subsidized, so it really doesn't cost 12 cents, it costs more in reality. Also, what is an average salary there? I wouldn't mind paying $120 a gallon if I was making $300 million a year. There you go. Do some math now. The minimum monthly wage in Venezuela is 800 bolivars, or about 370 US dollars, and a liter of gas costs 0.1 bolivars (four US cents) -- making it virtually free.
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