Cuba Postpones 500% Fuel Price Increase - Breaking News. The Cuban government has postponed a more than 500% increase in fuel prices scheduled for today due to a "cyber-security incident" The authorities had announced the increase starting from February 1, with the price of a liter of petrol expected to increase from 25 Cuban pesos (0.20 dollar cents) to 132 (1.10 dollars), equal to a +528%, according to announced the Minister of Finance.
According to official estimates, GDP contracted by up to 2% in 2023, while inflation closed at 30%.