Starting from September 30, 2023, the price of a liter of gas will be set at 77.79 Ethiopian Birr. A report by DW Amharic, published on Sunday, reveals that the price increase is over fivefold. A liter of gas (commonly referred to as benzine in Ethiopia) used to sell for 15.76 Ethiopian Birr. Combined with the existing price inflation of other goods, the increase in gas prices is expected to place a heavy burden on the Ethiopian economy. Fethawork Wondewossen, another Ethiopian economist, believes that increasing gas prices while the government claims to be working to reduce inflation in other goods is inconceivable.

Source: Ethiopian News October 01, 2023 02:26 UTC