Government Lowers Gasoline Prices
HAVANA TIMES, Dec. 9.- 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.