Cuba's Fuel Crisis: Steep Price Hikes Amid U.S. Blockade
Fuel prices in Cuba have nearly doubled due to a U.S. oil blockade, causing widespread frustration. While premium gasoline now costs $2.00 per liter, gas stations remain closed. The last oil shipment was in March, leading to black market prices surging between $8 and $10 per liter.
Gasoline and diesel prices in Cuba have surged, nearly doubling as the island faces a stringent U.S. oil blockade, leaving the public scrambling amid fuel scarcity.
This week, the Ministry of Finance and Prices revealed a revised pricing scheme, reflecting the true import costs, with premium gasoline now at $2.00 per liter, up from $1.30.
Despite the revised pricing, fuel remains unavailable as local stations were closed, exacerbating frustrations among motorists who have faced a shortage since the last oil shipment in March.
(With inputs from agencies.)
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