"Cuba Postpones 500% Fuel Price Hike Due to Cybersecurity Concerns"

1 min read
Source: Yahoo News
"Cuba Postpones 500% Fuel Price Hike Due to Cybersecurity Concerns"
Photo: Yahoo News
TL;DR Summary

Cuba's government has postponed a planned 500 percent increase in fuel prices due to a "cybersecurity incident" caused by a foreign virus, as the nation grapples with its worst economic crisis in decades. The delay comes amid a series of measures aimed at reducing the budget deficit, including a 25 percent increase in electricity prices scheduled for March 1. The Cuban economy shrank by two percent in 2023, with inflation reaching 30 percent, and the government is facing challenges in providing basic services and goods to its citizens.

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