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Re:Venezuela arrests 4 bitcoin miners as trading highs continue by giarc on Thursday January 26, 2017 @10:16AM (#13491984)
Those diesel prices in USD?
Re:Venezuela arrests 4 bitcoin miners as trading highs continue by ufo on Thursday January 26, 2017 @10:29AM (#13492084)
I assume the prices are in Bolivars and that they haven't been reajusted by the government in a while, despite the hyperinflation.
Re:Venezuela arrests 4 bitcoin miners as trading highs continue by thiagoharry on Thursday January 26, 2017 @12:26PM (#13493264)
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.
Re:Venezuela arrests 4 bitcoin miners as trading highs continue by nonbel on Thursday January 26, 2017 @01:14PM (#13493737)
>"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/

Re:Venezuela arrests 4 bitcoin miners as trading highs continue by v768 on Thursday January 26, 2017 @02:23PM (#13494394)
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.