Fuel prices go up in Cuba

No doubt preparing itself to gouge the “private sector” once the “reforms” begin to bear fruit, the Cuban dictatorship has raised the price of fuel on the island by 10%.

The changes, which took effect Monday, were announced in the Communist Party-newspaper Granma, which cited rising international prices for the move. It was the first time prices have risen since September 2008, when crude oil internationally sold for about a third more than it does now.

The cost of diesel fuel — used by many of the old cars that populate Cuba’s streets — rose to $1.19 a liter ($4.50 a gallon), about 11 cents a liter (42 cents a gallon) higher than previously. The highest octane fuel rose even more to $1.73 a liter ($6.54 a gallon), from $1.51 a liter ($5.72 a gallon).

The prices approach those paid in Europe and are apparently the highest in the hemisphere, topping pump prices in Brazil and Bermuda. They are a fortune for Cubans who make the average salary of just $20 a month.