Ethiopia Keeps Fuel Prices Steady in August Despite Currency Floating

Date:

Share post:

Addis Ababa, July 30, 2016 – The Ministry of Trade and Regional Cooperation has announced that the retail sale of petroleum products in August 2016 will continue at the same price as in July.

Minister of Trade and Regional Cooperation, Dr. Kasahun Goffe, stated that an order has been issued to maintain gas station prices at the same level as in July. He also mentioned that strict control and monitoring of fuel distribution and sales are being conducted at every level of the business structure.

This follows a previous announcement on July 3, 2016, where the Ministry of Trade and Regional Affairs announced a significant adjustment in the retail prices of various fuel products due to the increase in fuel prices on the global market. The revised retail prices for fuel products in Addis Ababa were as follows:

  • Gasoline: Birr 82.60 per liter
  • White Diesel: Birr 83.74 per liter
  • Kerosene: Birr 83.74 per liter
  • Airplane Fuel: Birr 70.83 per liter
  • Light Black Diesel: Birr 65.48 per liter
  • Heavy Black Diesel: Birr 64.22 per liter

Addis Insight
Addis Insighthttps://www.addisinsight.net/
Addis Insight is Ethiopia’s fastest growing digital news platform, providing consumers with the latest news from Ethiopia and its diaspora. We provide marketers with innovative opportunities to leverage our stories and overall brand with a fiercely curious and highly engaged audience.

Related articles

How Aezop is Building Freelance Infrastructure for Africa

ADDIS ABABA — In the rapidly evolving global digital economy, Ethiopia is sitting on a massive, untapped reservoir...

Addis Ababa Unveils Landmark Entoto–Kebena Riverside Development Project

ADDIS ABABA — In a significant move to reshape the capital's urban landscape, Prime Minister Abiy Ahmed (PhD)...

Lived in Addis Ababa for Three Years and Still Couldn’t Speak Amharic. So I Built Temar.

You're in the back of a taxi in Addis Ababa, leaning forward between the front seats, trying to...

Abay Bank Becomes Fifth Company to Join ESX Main Market Following Milestone Share Registration

In a major leap forward for East Africa's most anticipated financial infrastructure, Abay Bank S.C. officially joined the...