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Cuba Secures First US Fuel Imports, Taxi Fares Spike

8/12/2026

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Story summary
  • Cuba approved its first fuel investment in July after a U.S. Commerce Department exception allowed U.S. firms to export gasoline and diesel to Cuban businesses.
  • Private Cuban firms must obtain fuel via the port and storage tanks run by U.S.-sanctioned entities, paying about 11 cents per liter.
  • Imported fuel powers taxis charging 1,000 pesos per ride—500 times a bus fare—while President Miguel Díaz-Canel denounced Washington’s “genocidal siege” and pledged no privatization.