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CORRECTED-Venezuela rations diesel supply to truckers as fuel shortages worsen
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Venezuela rations diesel supply to truckers as shortages worsen
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VALENCIA, Venezuela/MARACAY, Venezuela (Reuters) - Venezuelan state oil company Petroleos de Venezuela has begun rationing diesel to truckers, four transport sector sources told Reuters, as low domestic refining output and scarce imports amid U.S. sanctions squeeze fuel supplies.
Frustrated truckers blocked a highway in the central state of Maracay in protest over the shortages on Friday, social media images showed. Industry groups said the unprecedented rationing would create delays delivering goods to markets in the OPEC nation, reeling from a prolonged economic crisis.
The diesel squeeze came after the country suffered widespread gasoline shortages throughout 2020, prompting President Nicolas Maduro to cut longstanding heavy subsidies and import gasoline from Iran. Diesel is still distributed to truckers free of charge.
Venezuela rations diesel supply to truckers as fuel shortages worsen
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
REFINERY NEWS ROUNDUP: More closures likely in Asia-Pacific
After two refineries in Australia have announced plans to close, Ampol, formally known as Caltex Australia, said it will complete the comprehensive review of its Lytton refinery by the end of H1 2021, which would provide an indication on the refinery’s future.
The company has said previously that “the review will consider all options for the facility’s operations and for the connected supply chains and markets it serves.”
Meanwhile refineries in India have ramped up runs but are still running below pre-pandemic levels.
India’s Reliance Industries Ltd recorded a combined run of 96% at its two refineries at Jamnagar in January, down from 99% a year earlier, oil ministry officials said, confirming that the complex was still to attain pre-pandemic levels. For the first 10 months of the current fiscal year combined runs stood at 89.5%, compared with 101% in the April-January period the previous fiscal year, mainly a