top of page

Cuba hikes gasoline and diesel prices but filling stations remain shut

Fuel prices in Cuba have nearly doubled as the government introduced a new pricing scheme amid a severe fuel shortage and ongoing supply constraints. Despite the sharp increases, many stations remain closed and motorists face continued uncertainty as rationing and scarcity persist.

May 16, 2026

Ayose Naranjo/Reuters

Cuba hikes gasoline and diesel prices but filling stations remain shut

A woman walks past an empty gas station as the country plans to implement variable fuel prices to reflect the actual costs of importing gasoline and diesel amid a U.S. blockade that has strangled the island of fuel, in Havana, Cuba, May 15, 2026.

Norlys Perez/Reuters

Gasoline and diesel prices at the pump in Cuba nearly doubled on Friday, although filling stations open to the public in the capital were still largely closed amid a U.S. oil blockade that has strangled supply and led to strict rationing.


The Ministry of Finance and Prices earlier this week announced that the new pricing scheme would be unveiled on Friday, saying the update was necessary to reflect the "actual" costs of importing gas and diesel.


Signs in some Havana gas stations indicated a price of $2.00 per liter for premium gasoline, up from $1.30 previously. Regular gasoline increased to $1.80 from $0.95, and diesel went to $2.00 from $1.10.


However, the stations were closed and the government has not said when fuel at the new rates will become available.


Motorists in Cuba, most of whom have gone four months with little, if any fuel, said they were frustrated by the uncertainty.


"Right now, we know nothing," said Roberto Veguet, a Havana taxi driver. "We do not even know where to buy it."


Cuba has received no oil shipments since the Russian tanker Anatoly Kolodkin delivered approximately 700,000 barrels - roughly a couple of weeks' worth for the island nation of 10 million people - in late March. That fuel ran out in early May, officials said.


The Cuban government has said future pricing could vary depending on the supplier, transportation costs, routes, insurance, associated risks, and fluctuations in international markets.


Black market prices have soared to between $8 and $10 a liter for gasoline, far out of reach of most Cubans and many times above global market levels.


Some private businesses in Cuba have begun importing fuel from the U.S. and elsewhere in containerships at high cost, though it is generally not for sale to the public.


The United Nations has called the U.S. fuel blockade on Cuba illegal and says it infringes on Cubans' human rights.

-Ayose Naranjo/Reuters

TOP BUSINESS STORIES

Senator Imee Marcos grills economic officials over falling forex reserves and weaker peso

Senator Imee Marcos grills economic officials over falling forex reserves and weaker peso

Euro zone bond yields rise as oil prices climb amid Strait of Hormuz uncertainty

Euro zone bond yields rise as oil prices climb amid Strait of Hormuz uncertainty

Dolly Parton built a business empire beyond her music and fame

Dolly Parton built a business empire beyond her music and fame

LATEST NEWS

FACTBOX: Global aid pours into Nepal after devastating flash floods

FACTBOX: Global aid pours into Nepal after devastating flash floods

 DFA to PH passport applicants: No consular ops on August 31 National Heroes' Day

DFA to PH passport applicants: No consular ops on August 31 National Heroes' Day

Case filed vs. father of Zamboanga school shooter, security personnel

Case filed vs. father of Zamboanga school shooter, security personnel

bottom of page