Cuba's 500% fuel price rise take effect

Cuba has seen a 500% increase in fuel prices last week, a delay from the originally scheduled date, announced by the government of the economically challenged island nation last Wednesday. Finance Minister Vladimir Regueiro, through the official government channel Granma, stated that the new prices went into effect on Friday, March 1. The economic strategies deployed by the Cuban government aimed at controlling inflation and boosting the faltering economy have, until now, led to adverse outcomes.