The Ethiopian Ministry of Trade and Regional Integration announced a revision on prices for fuel, starting from May 8, 2022. The Ministry cited the global surge in fuel prices as the main reason for the fuel price increment, benzene costing $1,028 per metric ton while diesel now costs $1,138 per metric ton, from up from $870 and $730, respectively, just a month ago.
The surge in fuel prices has created an added burden to the government, causing a slack of $10 billion on the fuel price stabilization fund.
Here is the revised price of the different types of fuel/gas.
|Fuel Type||Revised Price,
|Benzene||36.87 birr||31.74 birr|
|Diesel||35.43 birr||28.94 birr|
|Kerosene||35.43 birr||28.94 birr|
|Light black diesel||52.45 birr||23.73 birr|
|Hard black diesel||51.78 birr||23.29 birr|
|Airplane fuel||78.87 birr||58.77 birr|
Source: FBC (Amharic), BBC (Amharic)