ES / EN
- May 7, 2026 -
No Result
View All Result
OnCubaNews
  • World
  • Cuba
  • Cuba-USA
  • Opinion
    • Columns
    • Infographic
  • Culture
    • Billboard
  • Sports
  • Styles / Trends
  • Media
  • Special
  • Cuban Flavors
  • World
  • Cuba
  • Cuba-USA
  • Opinion
    • Columns
    • Infographic
  • Culture
    • Billboard
  • Sports
  • Styles / Trends
  • Media
  • Special
  • Cuban Flavors
OnCubaNews
ES / EN
Home Cuba

30 million pesos in fines in 5 days for non-compliance with price cap

The figure was announced by Prime Minister Manuel Marrero.

by
  • OnCuba Staff
    OnCuba Staff
July 22, 2024
in Cuba
1
MSME in Havana. Photo: Kaloian.

MSME in Havana. Photo: Kaloian.

The Cuban government imposed fines worth 30 million pesos (1.25 million dollars, at the official exchange rate for legal entities) in “the last five days” against an undetermined number of private companies for failing to comply with the price cap on six basic products, official media reported this Saturday.

The figure was announced by Prime Minister Manuel Marrero, cited by the official Cubadebate portal. According to the head of the Cuban government, the fines were issued after carrying out 19,300 inspections, in which it was discovered that the limits were not complied with in 60% of them.

On July 8, the price cap on six basic products, including milk and chicken, came into effect.

The products with these limits in micro, small, and medium-sized enterprises (MSMEs) are chicken, oil, sausages, powdered milk, pasta and detergent.

A kilogram of chopped chicken now costs a maximum of 680 pesos (5.6 dollars, at the official exchange rate for individuals); a liter of vegetable oil, except olive oil, 990 pesos ($8.25); a kilogram of sausages, 1,045 pesos (8.7 dollars); the kilogram of powdered milk, 1,675 pesos (13.95 dollars); a kilogram of pasta, 835 pesos (6.95 dollars); and a kilogram of detergent, 630 pesos (5.25 dollars).

In comparison, the average state salary is 4,300 pesos ($35.8) and pensions are 1,500 pesos ($12.5).

Related Posts

Cuban entrepreneurship

U.S. oil siege of Cuba weighs down private sector Washington seeks to aid

May 5, 2026
House in Havana. Reforms in Cuba

What those who don’t want “reforms” in Cuba actually want

April 1, 2026
Uranga Collections project in Old Havana

Uranga Collections: a home for Cuban collectors

March 26, 2026
Havana Malecón. Cuba

Flash: Havana that doesn’t go completely dark

March 17, 2026

In recent weeks, audios of different meetings between businesspeople and government representatives have emerged in the independent press, in which the former showed their disagreement with the measure.

According to what was leaked, the owners of MSMEs assured that their prices were in line with the cost of importing their products and that the cap would end up harming the customers themselves.

As reported this Saturday by Marrero, measures were applied to the enterprises that did not comply, such as “forced sales (of products that were above the decreed price), the temporary withdrawal of authorization for the operation of the establishment and the confiscation” of their goods.

For his part, Minister of Finance and Prices Vladimir Regueiro affirmed that the fines for these cases vary between 5,000 (208 dollars) and 18,000 pesos (750).

On Friday, Miguel Díaz-Canel said at the closing of parliamentary sessions that “many” of the more than 11,000 small and medium-sized private enterprises (MSMEs) legalized on the island since 2021 “did not respond to the trust of the State”, and assured that in that case, “law and order” will prevail.

  • OnCuba Staff
    OnCuba Staff
Tags: Cuban EconomyCuban MSMEs
Previous Post

Cuba’s population decreases, early motherhood increases

Next Post

Given what we have seen, it is time to ask the right questions

OnCuba Staff

OnCuba Staff

Next Post
Photo: Kaloian.

Given what we have seen, it is time to ask the right questions

Kamala Harris, another politician? Photo: EFE/EPA/NATHAN HOWARD/POOL

Kamala Harris and United States’ Cuba policy: a hopeful light?

Dr. Gerardo Guillén Nieto. Photo: Prensa Latina.

Cuban dengue vaccine could enter clinical study phase in a year

Comments 1

  1. Frank Fundora Fernández says:
    2 years ago

    Pienso que el Estado ha sido demasiado venèbolo , es hora de tolerancia cero,no estoy en contra de que empresarios obtengan ganancias que siempre las tendràn pues los negocios son para eso , las Mipymes no resuelven el problema del pueblo sino adinerarse sin pagar impuestos , mucho tiempo , creo tres meses es suficiente ,un año es demasiado!!!!

    Reply

Leave a Reply Cancel reply

The conversation here is moderated according to OnCuba News discussion guidelines. Please read the Comment Policy before joining the discussion.

Your email address will not be published. Required fields are marked *

Most Read

  • The Enchanted Shrimp of the Cuban Dance

    6243 shares
    Share 2497 Tweet 1561
  • U.S. oil siege of Cuba weighs down private sector Washington seeks to aid

    4 shares
    Share 2 Tweet 1
  • U.S. actress Susan Sarandon praises Cuban vaccines and calls for end of embargo against the island

    211 shares
    Share 84 Tweet 53
  • The story behind the “sister flags” of Cuba and Puerto Rico

    115 shares
    Share 46 Tweet 29
  • María Mantilla: the daughter of silence?

    24 shares
    Share 10 Tweet 6

Most Commented

    • About us
    • Work with OnCuba
    • Terms of use
    • Privacy Policy
    • Moderation policy for comments
    • Contact us
    • Advertisement offers

    OnCuba and the OnCuba logo are registered® trademarks of Fuego Enterprises, Inc., its subsidiaries or divisions.
    OnCuba © by Fuego Enterprises, Inc. All Rights Reserved.

    No Result
    View All Result
    • World
    • Cuba
    • Cuba-USA
    • Opinion
      • Columns
      • Infographic
    • Culture
      • Billboard
    • Sports
    • Styles / Trends
    • Media
    • Special
    • Cuban Flavors

    OnCuba and the OnCuba logo are registered® trademarks of Fuego Enterprises, Inc., its subsidiaries or divisions.
    OnCuba © by Fuego Enterprises, Inc. All Rights Reserved.

    Manage Consent
    To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
    Functional Always active
    The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
    Preferences
    The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
    Statistics
    The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
    Marketing
    The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
    • Manage options
    • Manage services
    • Manage {vendor_count} vendors
    • Read more about these purposes
    View preferences
    • {title}
    • {title}
    • {title}