Connect with us

World

Cuba announces five fold increase in fuel prices

Published

on

The Cuban government has announced a five-fold increase in fuel prices as it struggles with shortages and a deepening economic crisis.

It said that from February the price of a litre of petrol would rise from 25 pesos ($0.20; £0.16) to 132 pesos.

The government, which subsidises many goods, hopes this will help to reduce its deficit.

It is the latest measure making life more difficult for cash-strapped Cubans.

Finance minister Vladimir Regueiro said the cost of diesel and other types of fuel would face similar mark-ups. He also announced a 25% increase in electricity prices for major consumers in residential areas, as well as hikes in costs for natural gas.

Mr Regueiro said the government would also open 29 new petrol stations which will solely accept payment in US dollars in order to raise foreign currency to purchase fuel on the international markets.

“These measures are aimed at reviving our economy,” Mr Regueiro told state television on Monday.

Cuba has been hit hard by economic turmoil, blamed on the coronavirus pandemic, the tightening of US sanctions in recent years, and structural weaknesses.

Last month, economy minister Alejandro Gil said that Cuba’s communist government could no longer sell fuel at subsidised prices, emphasising it was the “cheapest in the world”.

But economics professor Omar Everleny Pérez told AFP news agency that while petrol in Cuba may be cheap by global standards, when compared with salaries in the country it was “very expensive”.

He added that the new price structure would affect “the whole of society”.

In a nation where few people own vehicles, the rise in the cost of petrol pushes hopes of car ownership even further away.

Cuba, which depends heavily on imports, has suffered growing shortages of food, medicine, and consumer goods for the last four years.

The price hike comes on top of rampant inflation driving up prices for basic items and stagnant salaries for state workers, upping the pressure on Cubans already struggling to make ends meet.

The fuel crisis has led to long queues forming at forecourts, which sometimes stretch for miles and mean that filling a vehicle with petrol can become a days-long ordeal. Public transportation has also been sorely affected.

Last year, the shortages forced the government to cancel Cuba’s 2023 traditional May Day parade.

(BBC News)

World

8 killed and dozens injured after Mumbai billboard collapse

Published

on

By

A least eight people have been killed and about 60 injured after a giant billboard collapsed during a sudden storm in the Indian city of Mumbai, authorities said.

The billboard, measuring 70m by 50m according to the police, fell onto houses and a petrol station in the city’s financial district on Monday.

About 20 to 30 people are still feared to be trapped with a rescue operation under way, emergency services said.

The billboard fell after a rain and dust storm hit the city of Mumbai, ripping up trees and causing travel chaos and power outages.

Footage on local news channels shows the huge billboard swaying in the wind before giving way and crashing into the buildings near a busy road in the city’s eastern suburb of Ghatkopar.

Video posted on social media appears to show the immediate aftermath at the petrol station, with vehicles crushed under the fallen advertisement hoarding.

In photos from the scene, emergency teams can be seen working through the wreckage. dramatic video footage also shows rescue workers pulling out a victim from under the fallen billboard and using power tools to cut the metal.

In a statement posted on X, formerly known as Twitter, the Brihanmumbai Municipal Corporation said “speedy winds” caused the collapse and that several agencies including police, fire and national disaster response teams were involved in the rescue operation.

Devendra Fadnavis, the deputy chief minister of Maharashtra state, said a “high-level inquiry has been ordered into the incident.”

She adde that the state government would provide financial assistance of 500,000 rupees (£4,767) to the families of those killed and wounded in the incident.

Flights were temporarily suspended at the city’s international airport during the storm with at least 15 planes diverted, local media report.

Mumbai is one of several cities in India prone to severe flooding and rain-related incidents during the monsoon season – which is usually between June and September.

(BBC News)

Continue Reading

News

Former Indian envoy to Sri Lanka, enters politics

Published

on

By

Former Indian High Commissioner to Sri Lanka Taranjit Singh Sandhu has joined India’s ruling BJP and is contesting the elections. After Sri Lanka, he also served in the United States.

He is a BJP candidate from the Amritsar seat and on Friday he declared his total assets worth Rs 39.92 crore, according to his poll affidavit, the NDTV reported.

Sandhu, 61, on Friday filed his nomination papers in Amritsar for the June 1 Lok Sabha polls.

According to his affidavit, Sandhu declared moveable and immovable assets owned by him and his wife to be Rs 10.88 crore and 29.04 crore, respectively.

Continue Reading

World

New rocky planet with thick atmosphere, detected

Published

on

By

A thick atmosphere has been detected around a planet that’s twice as big as Earth in a nearby solar system, researchers reported Wednesday.
The so-called super Earth — known as 55 Cancri e — is among the few rocky planets outside our solar system with a significant atmosphere, wrapped a blanket of carbon dioxide and carbon monoxide. The exact amounts are unclear. Earth’s atmosphere is a blend of nitrogen, oxygen, argon and other gases.

“It’s probably the firmest evidence yet that this planet has an atmosphere,” said Ian Crossfield, an astronomer at the University of Kansas who studies exoplanets and was not involved with the research.

The research was published in the journal Nature.

Super Earth refers to a planet’s size — bigger than Earth but smaller than Neptune. The boiling temperatures on this planet — which can reach as hot as 4,200 degrees Fahrenheit (2,300 degrees Celsius) – mean that it is unlikely to host life.

Instead, scientists say the discovery is a promising sign that other such rocky planets with thick atmospheres could exist that may be more hospitable.

The exoplanet 41 light years away is eight times heavier than Earth and circles its star Copernicus so closely that it has permanent day and night sides. A light-year is nearly 6 trillion miles (9.7 trillion kilometers). Its surface is encrusted with magma oceans.

To identify the makeup of its atmosphere, researchers studied Webb Space Telescope observations before and after the planet passed behind its star.

They separated the light emitted from the planet versus its star and used the data to calculate the planet’s temperature. There’s evidence the planet’s heat was being distributed more evenly across its surface – a party trick atmospheres are known for.

Gases from its magma oceans may play a key role in holding its atmosphere steady. Exploring this super Earth may also yield clues to how Earth and Mars might have evolved first with magma oceans that have since cooled, scientists say.

“It’s a rare window,” said Renyu Hu, a planetary scientist at NASA’s Jet Propulsion Laboratory, who was part of the research. “We can look into this early phase of planet evolution.”

(The Washington Post)

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved