Venezuela sets caps on gasoline purchases

Venezuela set limits on gasoline sales in the country's west to undercut smuggling that it blames for short supplies in recent days.

Passenger cars were limited to a maximum of 30 litres and trucks to 35, said a statement from the oil ministry, without specifying a time period for the limit.

Venezuela, which has the world's largest proven crude oil reserves, heavily subsidizes its gasoline prices, making smuggling to neighbouring Colombia a big business.