Government Lowers Gasoline Prices
The Cuban government announced lower fuel prices on Monday, taking into account the drop in the international price of oil products. Regular gasoline will now cost US $1.08 a liter down from $1.45 (from around $5.50 to $4.00 a gallon). The high-octane gasoline went from $1.62 to $1.18 per liter. Fuel is sold in Cuba at state-owned and operated service stations. While the island produces a large percentage of the oil used to generate electricity, the lighter oil needed to produce gasoline is imported from Venezuela.
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