Venezuela's attorney general said Wednesday at least 28 people have died since unrest erupted at the beginning of April.
The OAS has led an worldwide chorus of concern over the economic and political chaos in the major oil-exporting country.
The head of the OAS had said Venezuela could be expelled from the group, accusing Maduro's government of eroding the country's democracy by delaying elections and refusing to respect the opposition-led Congress.
Foreign Minister Delcy Rodriguez says President Nicolas Maduro will send a letter Thursday to the Washington-based OAS renouncing its membership in the hemispheric body.
On the foreign policy front, the government chose to pull Venezuela out of the Organization of American States (OAS), which it says is "meddling" in the domestic affairs of the country in response to the opposition protests.
Almost 30 people have been killed since the wave of protests against President Nicolas Maduro began last month.
Nineteen of the 35 OAS member countries called for a special meeting in Washington Wednesday afternoon on the current situation in Venezuela, a further step on the road toward sanctions.
Members of the OAS, a bloc of states covering all the Americas, will convene later today to discuss whether to summon foreign ministers.
The ruling Socialist Party accuses foes of seeking a violent coup with United States connivance, while the opposition says Maduro is a dictator repressing peaceful protest. The country's chief diplomat said that OAS does not have the consent of the affected country to intervene in domestic affairs.
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Falling prices for Venezuela's crucial oil exports have slashed its revenues, leading to critical shortages and looting.
His supporters staged a counter-rally while police blocked his opponents from marching in central Caracas.
Riot police fired tear gas as thousands tried to march to downtown Caracas. Some run around returning tear gas canisters and hurling rocks and Molotov cocktails at authorities. Some deaths happened in acts of violence following, or around, both opposition and pro-government protests, as well as in acts of vandalism.
Maduro has vowed to defend the socialist "revolution" of his late predecessor Hugo Chavez.
"The use of violence as a political tool, whatever its origin or motive, is condemnable from any point of view", the statement said. "The majority of us want a change, and that includes the families of those who today prop up this regime", tweeted opposition lawmaker Juan Andres Mejia amid a flurry of social media chatter about Saab's son.
Maduro himself appeared on television at an unrelated youth event where he called for music and dancing.
A recent survey by pollster Venebarometro indicated that seven out of 10 Venezuelans disapprove of Maduro.
In a resolution, the European Parliament said it "strongly condemns the brutal repression exercised by the Venezuelan security forces, as well as irregular armed groups, against the peaceful protests".
The swell of protests is the most violent seen in Venezuela since two months of anti-government demonstrations in 2014 that resulted in more than 40 deaths.
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