Cuba suffers a 400% increase in fuel prices

This March 1st comes into force in Cuba a controversial adjustment plan that is intended to free the country from its deep economic crisis. The move comes after the government had to seek help from the leadership of the United Nations World Food Program for the first time.

The price hike was scheduled for early February but had to be postponed after Cuban officials reported a cyberattack on government computer services.

Regular gasoline costs between 25 and 132 pesos, an increase that will result in Cubans having to pay around 5,280 pesos to fill the tank of their vehicle. In other words: you pay around 40 euros in a country where citizens largely rely on government subsidies.

Increases in water and electricity tariffs are also expected to come into effect today. Currently, What is not being applied is the increase in interprovincial transport announced by the government, nor is the 25 percent increase in the price of LPG.; one of the methods of supplying gas for private consumption.

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