Currently the price at the pump has no relation to the cost of production but is controlled by parasites trading on the futures market.
Do you want Venezula's infrastructure that goes along with no road taxes?
Let's get Venezula to pay for our snow removal. I doubt they are using their snow plows.
The subsidy costs the government around £4.5bn annually.
Victor Rocia, who commutes daily across the capital, Caracas, is theoretically a winner. He bought his Toyota 4Runner two years ago for £26,900 and today it is worth £66,600. "It sounds great," he said. "But it's not. Trying to replace it is a nightmare."
Domestic car production has slumped and Venezuela's socialist revolution has curbed imports of new cars, leading to waiting lists of more than two years. Sales have plunged 61.5% this year compared with the same period last year, according to the Venezuelan Automotive Chamber.
Demand is as high as ever. Venezuelans elected President Hugo Chávez but they are among South America's most avid consumers. They have had a long love affair with automobiles, not least because subsidised petrol is cheaper than water. These days cars also offer a hedge against 30% inflation.