population. Fuel pricing The new fuel prices are transpired from sources of the oil industry and gas stations that the government is considering a gradual quarterly increase to reach Bs.S 0.90 per liter, that is, to Bs.F 90,000, when it costs Bs.S 6 (US$0.000002) currently. Analysis Economist JL Saboín García pointed out that "the Venezuelan economy faces the strongest macroeconomic adjustment in its history", calling President Maduro's economic reforms as "the Red Friday." Asdrúbal Oliveros indicated that the announcements have no relation with El Gran Viraje or the Agenda Venezuela that "with their mistakes were much better structured plans regarding goals and policy instruments". Carrying out three considerations, he maintained that the announcements record "a recognition of the black market", an aggressive increase in the minimum wage, which has a significant fiscal cost and a heavy burden on the private sector, as well as an impact on the structure of costs and, therefore, prices »and that, in spite of raising the goal of zero fiscal deficit and announcing new taxes, it is also announced "a rise in current expenses (via salaries and bonuses)", noting that Venezuela's fiscal deficit consists of 20% of its GDP. Econometrica director Henkel García, defined the salary increase as "crazy", declaring that there will be "the highest daily inflation in our history, I do not know if the whole economic history of the world" and adding that he estimated that next week there would be two variables that would have a huge increase next week, prices and the monetary base. National Assembly deputy and economist José Guerra said that on the night of the announcements a "mega devaluation " was recorded, explaining that "the official exchange rate jumped in a day from Bs.F 240,000 (Bs.S 2.40) per US$1 to Bs.F 6,000,000 (Bs.S 60) per US$1." Effects Following the reform, Reuters investigated the petro six months after its ICO. When visiting the Venezuelan Ministry of Finance headquarters in Caracas, the Superintendent of Cryptocurrencies did not have an office there and their promoted website did not exist. The Atapirire parish, where President Maduro specifically decreed the petro's value would be linked to oil reserves in the area, has seen no petroleum-related activities and the oil rigs in the area appeared small, old and abandoned. Experts in economics stated that it was impossible to link the petro to the sovereign bolívar because no one knows its legitimate value. Though