The Ministry of Trade and Regional Integration announced on Tuesday evening, January 7, 2025, that there has been a revision in the retail price of fuel products. Following the revision, petrol, which was selling at 91 Birr, has been priced at 101.47 birr. Accordingly, the price of petrol has crossed one hundred Birr for the first time. In the evening of January 7, 2024, price revision, the retail price of Airplane fuel also entered triple digits. The new price of Airplane fuel is 109.56 Birr. Kerosene and white diesel showed an increase of 8 birr and now sell for 98.29 birr per liter.

This is the second time that fuel prices have been revised since the macroeconomic policy changes that took effect at the end of July last year. The first update was last October. The Ministry of Trade and Regional Integration, during the October reform, announced: “According to world fuel prices, the retail price of fuel will be adjusted every three months and subsidies will be provided for one year.”

After the macroeconomic policy change, petrol, kerosene, and white diesel have been hiked by around 20 Birr. Airplane fuel also increased by 39 Birr. It is remembered that the macroeconomic reform program implemented last July allowed for foreign currency trading through the market and made reforms in monetary and fiscal policies.

When the government announced the program, stating, “Activities will be carried out to support the vulnerable sections of society,” it also mentioned partially subsidizing the increase in fuel prices.

Last night’s retail sale of fuel products marked the second round of price revisions, with the next one expected to take place in three months.

Three weeks prior to the price revision at the end of November, the Ethiopian Fuel Supply Company announced its decision not to supply fuel to new stations. The organization reached this decision because the government is working to reduce the amount of fuel imported into the country.

In a letter to Ethiopian Energy Authority, the fuel supplier company mentioned that the decision to withhold fuel from new stations was made based on discussions at the management board meeting, which found it to be against government policy. Additionally, the management board explained in a letter written a month ago that the government is aiming to decrease the amount of imported fuel, making it inappropriate to provide fuel to these stations based on government policy.