(Feb 10, 2011, (Afrik-News))--Fuel prices in Ethiopia will be raised in March following an increasing consumption of fuel and its consequent impact on the government’s fuel expenditure. A recent decision by its Sudanese suppliers could also affect fuel availability in Ethiopia.
The Horn of Africa country spends an average annual 20 billion birr on the importation of petroleum products. Ethiopia’s projected budget of 1.42 billion US dollars for fuel importation for the current fiscal year is expected to cover 2,176,188 tonnes of fuel including benzene.
The Horn of Africa country spends an average annual 20 billion birr on the importation of petroleum products. Ethiopia’s projected budget of 1.42 billion US dollars for fuel importation for the current fiscal year is expected to cover 2,176,188 tonnes of fuel including benzene.
An amount that, according to reports, exceeds by 30 percent the 72.2 billion birr annual budget approved for this fiscal year. Despite the Ethiopian government’s decision in 2008 to introduce the blending of ethanol following an increased demand in fuel, the increasing trend has continued. Read more from Afrik-News »
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