People queue for fuel at a gas station after Venezuela's government launched new fuel pricing system, in Caracas, Venezuela June 1, 2020. REUTERS/Manaure Quintero
CARACAS (Reuters) - Venezuela on Monday launched a fuel pricing system that largely rolls back decades of heavy subsidies, creating long lines and leaving drivers confused as the government seeks to end chronic shortages with gasoline imports from Iran.
Cheap fuel was for decades considered a birthright in the South American oil producing nation, but service stations have run dry in recent months due to Venezuela's dysfunctional refineries and U.S. sanctions meant to force President Nicolas Maduro from power.
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