Profit for Gasoline Smuggler in Venezuela

in Environmental Threats

A gas smuggler in Venezuela can earn at 4,000 percent profit on a single trip when smuggling subsidized petrol from Venezuela over the border into Colombia.

A gas smuggler can buy 50 liters of gasoline for $1 in Venezuela and sell it for $40 across the border in Colombia.

Source: Girish Gupta, “World’s lowest gas prices fuel Andean smuggling,” Reuters Africa, June 10, 2011.

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