Cuba Sees Fuel Price Hike

HAVANA TIMES, Sept. 27 – The Ministry of Finances and Prices of Cuba announced an increase in the price of the fuel sold at the island’s service stations due to the 25 per cent rise in the price of oil on the international market and the forecasted further hike in the coming months, reported IPS.

“The cost of diesel fuel — used by many of the old cars that populate Cuba’s streets — rose to $1.19 a liter to ($4.50 a gallon), about 11 cents a liter (42 cents a gallon) higher than previously.  The highest octane fuel rose even more to $1.73 a liter ($6.54 a gallon), from $1.51 a liter ($5.72 a gallon),” reported AP.