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Cuba Adjusts Fuel Prices as US Blockade Continues to Ravage Energy Markets

Summary by The Nation
The Cuban government announced Tuesday that it will liberalize fuel prices, ending the fixed-price regime on energy commodities amid US economic sanctions and worsening fuel shortages.

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The Government of Cuba announced today that to eliminate the fixed price of sale of fuel by a variable according to the cost of import.

·Mexico City, Mexico
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Havana, May 12 (EFE).- The government of Cuba announced this Tuesday that it will put an end to fixed retail prices for fuel, claiming economic reasons, and added that the price formation will be based from now on the costs of each operation.The Cuban Ministry of Finance and Prices said -in a statement - that "in the present conditions", with the two most recent executive orders of the United States against Cuba, "cannot sustain economically" a …

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Havana, May 12 (EFE).- The government of Cuba announced this Tuesday that it will put an end to fixed retail prices for fuel, claiming economic reasons, and added that the price formation will be based, from now on, on the costs of each operation. The Cuban Ministry of Finance and Prices stated in a statement that "in the present conditions", with the two most recent executive orders of the United States against Cuba, "can not sustain economical…

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The Cuban government has announced that it will put an end to fixed retail prices for fuel, citing economic reasons, and added that the price formation will be based from now on the costs of each operation. The Ministry of Finance and Prices stated in a statement that "in the present conditions", with the last two executive orders of the US against Cuba, "a "fixed price for the sale of fuels cannot be sustained economically"." "From next Friday,…

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While accusing the #USA of an atrocious oil blockade, the #Cuba regime will sell in #dollars and at floating prices the #fuel that its MSMEs import from the northern neighbor.

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larepublica.co broke the news in Bogotá, Colombia on Tuesday, May 12, 2026.
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