Fuel Hikes in Ethiopia: A Never-Ending Climb?
Heavy government subsidies have kept fuel prices low in Ethiopia to offset the population's low income and limited purchasing power. But the Ethiopian government's new economic policies aim to gradually phase out these subsidies, shifting toward a more market-driven pricing system.
As of January 10, 2025, Ethiopian citizens woke up to yet another price hike in fuel. This time, it’s not just regular—gasoline—but also kerosene, jet fuel, light diesel, white diesel, and heavy black fuel. The increase comes at a time when the global oil market resembles a yo-yo, thanks to geopolitics, economic turbulence, and the world’s unpredictable swing with alternative energy sources. But before getting into the why, here are the local fuel prices that will have everyone look at their wallets with teary eyes:
- Gasoline: 101.47 ETB
- White Diesel: 98.98 ETB
- Kerosene:98.98 ETB
- Jet Fuel: 109.56 ETB