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Cuba to update fuel prices when conditions are ripe

Havana, Jan 31 (Prensa Latina) The Cuban Government postponed on Wednesday the updating of fuel prices in foreign currency, taking into account that the projections to proper economic distortions will only be implemented if conditions are appropriate.

According to Mildrey Granadillo, Cuba’s Deputy Prime Minister of Economy and Planning, the decision came due to a cybersecurity incident in the computer systems used to trade fuels, the origin of which has been identified as a virus from abroad. Granadillo advanced that authorities are probing the corresponding causes.

She reaffirmed that the updating of fuel prices is necessary to encourage savings and to contain the fuel demand due to the high prices faced by the country in order to purchase them in the international market and to be able to allocate them to other activities of production of goods and services.

The deputy PM explained that there will not be a stoppage in the fuel sale services provided to the population. Granadillo said that authorities will inform when the conditions are created to conduct the Government’s projection related to the updating of prices in this area.

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