The Ethiopia Ministry of Trade and Regional Integration (MoTRI) has announced a decision to hike gas prices by 16 percent starting Sunday. "One liter of diesel was similarly hiked from 28.98 Ethiopian Birr to 35.43 Ethiopian Birr," the MoTRI statement said. The Ethiopian government's latest petroleum products price hikes came after four months of price hike pause. The MoTRI blamed the rising global oil prices for its decision to institute the latest price hikes. "The Ethiopian government, observing the society's current living conditions, hadn't made (fuel) price increases for four months.

Source: Ethiopian News May 08, 2022 17:08 UTC