Venezuela hikes petrol prices for first time in 20 years

Name: Venezuela hikes petrol prices for first time in 20 years
Uploaded: 2016-02-18T12:24:24+00:00
Duration: 2 min 7 s
Channel: Al Jazeera English
Description: Venezuela has increased petrol prices from the equivalent of around two US cents to ninety-four cents a litre.<br /><br />It's the first rise in 20 years.<br /><br />President Nicolas Maduro says the hike is needed to balance the economy.

Al Jazeera English

Venezuela has increased petrol prices from the equivalent of around two US cents to ninety-four cents a litre.  It's the first rise in 20 years.  President Nicolas Maduro says the hike is needed to balance the economy.

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