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, per liter |
Previous Price, per liter |
| 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)
