El Dia newspaper is asking the government to clarify the Petrocaribe deal. The editorial points out that a questionable aspect of the Petrocaribe agreement is the issue of the 40% of the petroleum fuel that Venezuela will finance. The editorialist points out that the consumer is paying a price in gas stations that already covers 100% of the cost of fuel consumed.
However, the deal establishes that for every barrel of petroleum the government purchases from Venezuela, the government will only pay 60% in the short term, despite returns of 100% from consumers. 40% of the 100% instead will be converted into public debt that the population will be asked to pay for again in the future.
In other words, consumers will be paying for this 40% twice. The editorialist asks the government to explain what it is going to do with the savings that theoretically could reach US$400 million this year, taking into consideration that Petrocaribe covers the purchase of up to 50,000 barrels of petroleum at the market price of US$64 per barrel.