APA-Addis Ababa (Ethiopia) The Ministry of Trade and Regional integration (MoTI) Friday announced yet another fuel price increase for the second time in less than two months.
The previous increase prompted by the surge in the global crude oil and naphtha market, saw a 7 percent average jump in fuel prices in the country.
In a statement Friday, the trade ministry says the international fuel market has continued its upward trend in the past month, making the latest tariff adjustment necessary.
The government will, however, continue to subsidise 50 percent of the price increase margin in the global market to ease its impact on the general public, the ministry said.
White Diesel and Kerosene will all see a relatively higher surge in their retail prices in October. Accordingly, the retail prices of white diesel and Kerosene will respectively be increased by 3.41 to 79.75 Birr a liter.
Benzene will be sold at 77.65 birr a liter, up by 2.8 birr from this month, while the retail price of jet fuel will rise by 2.25 Birr to 70.83 birr a liter.
Light and heavy fuel oil will be sold at the new price of 62.36 Birr and 61.16 Birr a liter, respectively.
The latest retail fuel prices will be effective for the next 30 days on midnight Friday, September 29, 2023.
MG/as/APA