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According to the official exchange rate, this corresponds to $1.10. From February, a liter of premium gasoline will cost 156 Cuban pesos, more than five times the current price. According to the government, foreign tourists will be able to pay for petrol with foreign currency in the future.
Communist-ruled Cuba is currently experiencing its worst economic crisis since the 1990s. The Caribbean island nation has been subject to an extensive US embargo since 1962.
The government, which subsidizes almost all essential goods and services, announced a series of measures at the end of December to reduce the budget deficit. (SDA)
Source: Blick
I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.
