WARMTH FOR POOR CONSUMERS
Low-cost heating oil is about to start flowing to the South Bronx under Venezuelan President Hugo Chavez’s fuel-for-the-poor program.
Three Bronx groups will announce today an agreement with Citgo, the U.S. subsidiary of Venezuela’s national oil company, to receive heating oil shipments this winter at 40% below wholesale price.
Mount Hope Housing Corp., which operates 1,250 units of low-income housing, is one of the groups that will get portions of 8 million gallons of discounted oil earmarked for the borough.
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