A meeting in Rome on the sidelines of the FAO World Food Forum once again brought to the table an issue felt at every gas station queue in Venezuela: fuel. Dominican President Luis Abinader and acting President Delcy Rodríguez discussed energy cooperation, consular relations and tourism, and left open the possibility that the Dominican Republic could resume direct purchases of AC30 and liquefied petroleum gas from Petróleos de Venezuela, with technical terms to be discussed between Refidomsa and PDVSA.
For PitbullChain, this is more than just diplomatic news. Diesel and LPG are essential across sectors: they move freight, generate electricity for businesses, fuel kitchens, and sustain a large part of the informal economy. Any change in their availability and price eventually shows up in the country’s cost structure and in how Venezuelans obtain, pay with, and exchange foreign currency.
📊 What was really discussed in Rome
In addition to energy, the two governments discussed reopening the Dominican consulate in Caracas—closed for more than two years—and the upcoming appointment of a Venezuelan consul in Santo Domingo. Rodríguez thanked the Dominican Republic for its support after the June 24 earthquakes, when rescue teams and medical personnel from that nation were among the first to arrive.
The context is significant: the Dominican Republic was one of the countries whose diplomatic representatives Caracas demanded be withdrawn after the 2024 presidential election. The current rapprochement is part of what the government describes as a “new political moment,” marked by cooperation with Washington, openness to foreign investors, and the country’s gradual return to multilateral forums. Even a baseball series between the two national teams was mentioned as a symbolic gesture.
📈 Fuel, domestic costs, and pressure on the parallel exchange rate
When diesel is scarce or only available at inflated prices, the impact is felt across the cold chain, food transportation, and the distribution of goods in general. This pushes prices upward, along with demand for foreign currency to restock inventory. In a system where the parallel exchange rate serves as an almost universal benchmark for setting prices, any real relief in logistics costs can ease some of the pressure on that rate.
Does this mean USDT in bolívares is going to fall? Not necessarily, and not automatically. The effect depends on volumes, agreed prices, and delivery logistics—variables that have yet to be determined and often take months to materialize. What this announcement does do is fuel the narrative of energy normalization, and that narrative influences expectations. In Venezuela’s P2P market, expectations carry as much weight as the figures: when traders perceive that fuel supply is improving, they tend to raise the selling price of the parallel-market dollar and narrow the spread against the official rate.
🔎 The detail almost no one connects
LPG, in particular, has a huge social impact: it is the cooking fuel used by millions of households. Whenever its supply becomes difficult, extra costs emerge from buying in small quantities, along with everyday expenses that force families to convert bolívares into dollars or stablecoins to protect themselves.
💰 The DR–Venezuela remittance corridor and USDT
There’s another angle that PitbullChain considers key. The Dominican Republic is home to nearly 100,000 Venezuelans, according to updated regional data, making it a significant remittance corridor. Many of these families send money to Venezuela, and a growing share of those transfers is sent in USDT: it’s fast, inexpensive, and recipients can convert it to bolívares within minutes via P2P.
If the diplomatic climate continues to improve and formal remittance channels become more efficient—through consular procedures, agreements, and account opening—some of that flow could shift to regulated channels. That won’t kill P2P; it will reshape it. Greater formality often brings more users into the crypto ecosystem, not fewer, because it legitimizes the use of stablecoins as a cross-border payment tool.
📖 Read the full article: https://pitbullchain.com/noticias/venezuela-y-rd-reactivan-dialogo-energetico-impacto-en-el-p2p-y-el-dolar-458959
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