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://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

Dashen Bank Unveils Ethiopia’s First Chat-Based Banking in New Super App

Addis Ababa (January 14, 2025) – Dashen Bank has announced the launch of its new Super App, spotlighting...

Wegagen Bank Officially Launches Wegagen e-Birr Mobile Wallet Service

Wegagen Bank has announced the launch of its mobile wallet service, Wegagen e-Birr, in collaboration with e-Birr Mobile...

Ethiopia’s Parallel Forex Rate Surges to 150 ETB, Testing Government Reforms

Ethiopia’s forex parallel market continues to experience significant volatility, with the rate soaring to 150 ETB per USD,...

Ethiopia Approves Landmark Property Tax Law Amid Debate on Economic Impact

Addis Ababa, January 14, 2025 – The House of People's Representatives has officially passed a new Property Tax...