Built Business Tough

Venezuela, in Historic Shift, Moves to Scale Back Fuel Subsidy

The routine of Nicolás Maduro, grappling with powerful gasoline shortages, explained it will scale back again its longstanding fuel subsidy and privatize assistance stations, in a considerable change for Venezuelans extensive accustomed to filling up their autos totally free of cost.

The steps, which consider impact on Monday, are a gamble for Mr. Maduro as he struggles with a devastating economic disaster and tries to outlast U.S.-led sanctions intended to topple his authoritarian administration.