In recent months, the economic blockade imposed on the island by the United States has intensified with the energy embargo, using threats and coercion to prevent ships from docking or suppliers from selling, in an international context made more expensive by wars and geopolitical tensions.

Given this complex reality, scarce fuels are reaching high prices, making it impossible to maintain a fixed price for sales in dollars throughout the country.

Therefore, starting next Friday, May 15, fuel prices in foreign currency will be adjusted, either upward or downward, according to the actual costs of each specific transaction.

Therefore, going forward, different retail fuel prices will coexist at service stations, reflecting the actual import costs for each economic actor. These prices will be influenced by the supplier, freight costs, supply route, insurance, risks, and fluctuations in the international market.

“Until now, a fixed price for fuel sales has been maintained as a policy to protect against the changes and instabilities inherent in a volatile market, which is no longer economically sustainable under the current conditions,” the official note from the Ministry of Finance and Prices states.

“Cuba demands its inalienable right to import fuel to guarantee the country’s economic and social development and the well-being of its people,” the state entity added.

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