Venezuela cuts back diesel prices to factories after complaints ...Middle East

Venezuela's government reduced an increase it had imposed at the beginning of the month on diesel prices to factories, after complaints from producers about the potential impact of the measure. Venezuela's oil ministry this time set the price of diesel to factories at about 10 US cents per liter - payable in local currency, according to a resolution published on July 21 in the Official Gazette, which circulated on Thursday.

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