Maduro's stunningly close victory over Henrique Capriles came after a campaign in which the winner promised to carry on Chavez's self-proclaimed socialist revolution while the challenger's main message was that Chavez's 14-year regime put Venezuela on the road to ruin.
Maduro, acting president since Chavez's death, held a double-digit advantage in opinion polls just two weeks ago, but electoral officials said he got just 50.7% of the votes to 49.1% for Capriles with nearly all ballots counted.
Chavistas set off fireworks and blasted car horns as they cruised downtown Caracas in jubilation.
At Capriles' campaign headquarters, people hung their heads quietly as the results were announced by an electoral council stacked with government loyalists. Many started crying; others just stared at TV screens in disbelief.
"I can't believe this. This can't be happening. The votes should all be recounted to be 100% sure who won," said Jenny Morales, 26, a volunteer who handed out posters and leaflets during the campaign.
The mood lightened after another electoral council director, Vicente Diaz, proposed an audit of the vote.
There was no immediate word from Capriles, but Maduro addressed a crowd from the presidential palace after winning a six-year term. In a booming voice, he called his victory further proof that Chavez "continues to be invincible, that he continues to win battles."
He said that Capriles had called him before the results were announced to suggest a "pact" and that Maduro refused.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)