As of March 1, 2024, Cuba faces a notable increase in the price of fuel, reaching up to 500%. This article offers you a detailed look at the new prices, the network of service centers in dollars and the payment methods available to face this change.
When announcing it, the first vice minister of the Ministry of Economy and Planning, Mildred Granadillo, explained that the new fuel rates could not be applied on the scheduled date due to a computer attack. For this reason, it was decided to postpone the entry into force of the new prices until the cybersecurity problem is resolved.
The Cuban government argues that the increase in fuel prices seeks to regulate its commercialization.
The Minister of Energy and Mines (MINEM) previously explained that the tourism sector and foreign visitors exchange their currencies at a rate of 120 to 1, while the price of gasoline was 24 to 1. In other words, according to the head of the MINEM, “that person who pays $1.30 USD for gasoline in the world, here pays it at $30.00 CUP,” which represents a significant difference.
New fuel prices in Cuba 2024
These will be the new fuel prices in Cuba from March 1, 2024:
- Motor fuel (B83): $0.95 USD or $114.00 CUP (1 liter)
- Regular petrol (B90): $1.10 USD or $132.00 CUP (1 litre)
- Special petrol (B94): $1.30 USD or $156.00 CUP (1 litre)
- Super special gasoline (B100) $1.65 USD or 198.00 CUP (1 liter)
- Regular diesel: $1.10 USD or 132.00 CUP (1 litre)
Means of paying for fuel in Cuba:
Below are all the payment methods available for the purchase of fuel in Cuba, whether in Cuban pesos or foreign currency:
- Chip cards (state and non-state sector)
- Magnetic stripe cards (national and international: Visa, Mastercard, MIR)
- Disposable prepaid cards (6 denominations: $25.00 CUP – $1250.00 CUP)
- Electronic pins through Transfermóvil
- Rechargeable chip card
- USD Classic Card
- Bandec USD prepaid card
¡Ojo! The MLC Cards of Cuban banks may NOT be used to purchase fuel in currency. Cards issued in the United States do not work in Cuba either.
Service trusts one USD
To support the new measure to increase the price of fuel, the economic vice president of CIMEX, Tania Danay Vives Alfonso, announced that the corporation has 613 service centers throughout the country.
In addition, an initial network of 28 service centers will be implemented that will operate only in USD, to which will be added two mixed service centers: “Nueva Imagen” in Ciego de Ávila and the Havana Airport, which will offer service in both CUP and USD. .
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