Cuba Announces Steep Fuel and Electricity Price Hikes Amid Deepening Economic Crisis
- Fuel prices in Cuba to increase 500% on Friday, March 1st
- Electricity prices to go up 25% for big consumers
- Price hike was originally meant to happen February 1st but was delayed
- Gasoline to rise from 20 cents a liter to $1.32 a liter
- Cuba facing worst economic crisis in decades due to COVID-19, US sanctions, economic issues
