Refined Products
High-octane gas is the first basic product in Cuba to be sold exclusively in dollars
The government of Cuba announced Wednesday that high-octane gasoline will only be sold in dollars. This is the latest step in the dollarization trend in the communist country. Irenaldo Pérez, deputy director of the state oil monopoly said that U.S. sanctions made this move necessary. Perez told official media that it was "very hard to get access to high-octane fuel on the international markets". Perez announced that state vehicles will now be using regular gasoline instead of premium high-octane gas. Food, fuel, and other items, such as clothing, are imported and sold to the public at subsidised peso prices. Since...