BBC
By Emily Atkinson
January 9, 2024
The Cuban government has announced a five-fold increase in fuel prices as it struggles with shortages and a deepening economic crisis.
It said that from February the price of a litre of petrol would rise from from 25 pesos ($0.20; £0.16) to 132 pesos.
The government, which subsidises many goods, hopes this will help to reduce its deficit.
It is the latest measure making life more difficult for cash-strapped Cubans.
Finance minister Vladimir Regueiro said the cost of diesel and other types of fuel would face similar mark-ups. He also announced a 25% increase in electricity prices for major consumers in residential areas, as well has hikes in costs for natural gas.