The BBC reports on the gas smuggling business in Bolivia.

From the BBC News:

Government subsidies mean Bolivia has a low retail price for oil - about 50 US cents a litre.

Those subsidies have boosted the smuggling business, as the price of diesel oil in border countries such as Brazil and Peru, are up to four times the Bolivian price.

Bolivia is South America’s poorest country but has the second-biggest reserves of gas after Venezuela.

The Bolivian government loses about $55 million to smuggling.

See more about Gas and Oil Smuggling at our market page.