Posted 1/9/2024, 12:43:00 PM
Cuba Announces Up to 500% Fuel Price Hikes Amid Economic Crisis and Shortages
- Cuba announced a 500% increase in fuel prices from February 1st due to shortages and economic crisis
- Price of premium gasoline rising from 30 to 156 pesos per liter
- Diesel and other gasoline types facing similar price hikes up to 500%
- Electricity prices going up 25% for major residential consumers
- Government opening 29 new fuel stations that only accept US dollars to raise foreign currency for fuel purchases