The country is in economic crisis. The authorities are also sharply increasing electricity prices.
Celebrating 65 years since former Prime Minister Fidel Castro came to Havana. Photo: Ramon Espinosa / AP / NTBPublished: Published:
Less than 20 minutes ago
– A liter of petrol increases to 132 pesos from 25 pesos, says Minister of Finance and Prices Vladimir Regueiro on state television, according to AFP.
This corresponds to an increase of NOK 19.81.
In addition, the authorities are increasing electricity prices by 25 per cent for large consumers of electricity. Gas prices are also increasing, according to the French news agency.
AFP writes that Cuba is in an economic crisis with an economy that shrank two percent in 2023. Inflation has reached 30 percent.
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Tourists are not allowed to pay with pesos
The island nation has 11 million inhabitants who feel the consequences of the pandemic, sanctions from the US and structural weaknesses. AFP describes the situation as the worst since the collapse of the Soviet Union.
The prices of petrol are subsidized, according to the country’s economy minister, Aljeandro Gil.
– The country cannot maintain the price of fuel, which is the cheapest in the world compared to prices in other countries, he.
Cuba also has trouble with its currency, which has been devalued twice since 2021. In an effort to obtain more foreign currency, all tourists must pay for gasoline in a form other than the local Pesos currency.
The financial measures will be implemented from 1 February.
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2024-01-09 09:08:19
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