Posted on 01/11/2024 8:25:06 AM PST by dynachrome
The government of Cuba has announced a 500% increase in fuel prices beginning on February 1, as the nation suffers its worst economic crisis since the 1990s, with Cubans now readying themselves to weather what is being called a humanitarian crisis.
The Cuban government can no longer manage a massive subsidy campaign that puts subsidized prices on nearly all essential goods and services. “The country can not maintain the price of fuel, which is the cheapest in the world,” media cited Economy Minister Alejandro Gil as saying on Monday.
Officials confirmed on Monday that the cost of one liter of regular gasoline would increase from the current 20 cents to $1.10, while special gasoline would increase from around 25 cents to $1.30.
Additionally, there will also be a 25% increase in electricity prices along with a hike in natural gas prices. Prices for water, public transit and gas canisters will be increased.
(Excerpt) Read more at oilprice.com ...
Good post—reminds me of this one:
https://freerepublic.com/focus/f-chat/4209069/posts
Devolution = leftism in action.
Cuba needs to enter into the Axis and get some help from China, Russia etc... Maybe send some doctors and nurses to help Russia in her war with Ukraine and the west. Maybe send a few fighting men—on Putin’s dime. Russia doesn’t forget her friends.
“Except that the United States is producing more oil than any country in history.”
Wait now- I thought Biden had put a stop to that! Am I wrong?
They should just ban all cars made before the higher fuel standards.
ain’t communism grand
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