Agence France-Presse. Nando News. June 27, 2000

HAVANA (June 27, 2000 1:47 p.m. EDT http://www.nandotimes.com) - Cuba has launched a program to cut fuel consumption to counter both increasing oil prices and lower income from the sale of its sugar crop, the official Communist newspaper reported Tuesday.

Under the plan, consumption of gasoline will be immediately reduced by 5 percent, while restrictions on industrial fuel and diesel use are being studied, Economic Minister Jose Luis Rodriguez told Granma.

In the first three months of the year, the increase in crude oil prices has triggered a loss of about $80 million to $85 million in Cuba, the paper reported.

State enterprises are the biggest users of Cuban gasoline, while private drivers receive small allowances in Cuban pesos to purchase it. Those who have U.S.dollars can use that currency to buy gasoline. In Cuba, a liter - .22 gallons - of gasoline costs 90 U.S. cents.

Rodriguez said oil prices have been fluctuating between $28 and $30 dollars per barrel and Cuba budgets only $21 to $22 per barrel.

Copyright © 2000 Nando Media

[ BACK TO THE NEWS ]

NOTICIAS
...Prensa Independiente
...Prensa Internacional
...Prensa Gubernamental

OTHER LANGUAGES
...Spanish
...German
...French

INDEPENDIENTES
...Cooperativas Agrícolas
...Movimiento Sindical
...Bibliotecas
...MCL
...Ayuno

DEL LECTOR
...Letters
...Cartas
...Debate
...Opinión

BUSQUEDAS
...News Archive
...News Search
...Documents
...Links

CULTURA
...Painters
...Photos of Cuba
...Cigar Labels

CUBANET
...Semanario
...About Us
...Informe 1998
...E-Mail

CubaNet News, Inc.
145 Madeira Ave,
Suite 207
Coral Gables, FL 33134
(305) 774-1887