WANT PETROL @ Rs 02.12 per Litre?



        Oil field in Venezuela 

According to available information the average price of Petrol in 2024 in Venezuela is 2 Pence (GBP). This South American country has the lowest price for petrol in the world. The last  reported price was Rs 02 12 in Indian currency. Venezuela has the largest oil reserves in the world. The government is also giving huge subsidies to oil. However due to sanction imposed by America and some other countries in 2005 they could not sell oil in the world market. Consequent upon lifting certain sanction in the oil sector India made huge buying from Venezuela from December 2023. Surprisingly this could not make any positive impact in prices in the retail market of our country. As per available information Reliance Industries have received approval to buy oil from Venezuela.

A group of Indian youth who can afford to raise funds may think in this direction. They may take necessary approval from Government of India as well as from the Government of USA. Then they can straight away proceed to Venezuela and start a profitable trade. It is a life long business.

K V George 


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