Cuba's 500% Fuel Price Hike Delay
Cuba delays 500% fuel price hike by a month due to 'cybersecurity incident'. Economy Minister relieved of duties. Prices for regular and premium gasoline to sharply increase. Tourists to pay for fuel in foreign currency. Cuban economy facing worst crisis since 1990s.
Key Points
- Fuel price hike delayed due to 'cybersecurity incident'
- Economy Minister relieved of duties
- Sharp increase in gasoline prices
- Tourists to pay for fuel in foreign currency
- Cuban economy facing worst crisis since 1990s
Pros
- Measures taken to reduce budget deficit
- Effort to address economic crisis
Cons
- Increased burden on citizens