Fuel prices in Ethiopia rose by about 20% on Thursday (September 29), less than three months after a previous 30-40% hike, as part of the phasing out of government subsidies for petroleum products.
Faced with soaring crude oil prices this year, which are widening the state’s deficit, the Ethiopian government decided to phase out all fuel subsidies in July.
“Although international oil prices showed some stability in September, the…
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