Gas Prices Shoot Up, Again

Oct 1 , 2022

Vehicle owners and drivers were met with higher prices at pumping stations this morning as the federal government moves ahead with plans to end fuel subsidies. As with the last price adjustment in July, diesel saw the steeper increase – a litre retails for 59.90 Br, up 22.2pc. Benzene goes for 57.05 Br, close to 20pc higher than drivers were paying earlier in the week. The new prices mark the second adjustment since the authorities began lifting subsidies three months ago, and the fourth since last December. They plan to phase out subsidies at gas pumps by June next year, sparing the public transport sector. Officials had previously stated adjustments would be made quarterly until subsidies are completely lifted.



They say, "Where there is traffic, there is business." It reflects the colour of Addis Abeba roads and roundabouts. Around Bole, commonly known as the Ring Road, vendors serve tea and snacks underneath a bridge. Owing to these selling methods allow pedestrians and drivers to get the service they need while walking and driving. Despite that, such practice has become a frequent encounter in the heart of the city streets. The most common purpose of a ring road is to reduce traffic volumes in the ur...



Pedestrian walkways around Addis Abeba are growing smaller by the day, competing to gain a foothold in the public spaces. The city, which prides itself as Africa's political and diplomatic capital, becomes a showcase of contrast. Beauty and affluence wrestle destitution and poverty to claim space. Vendors have displayed their second-hand outfits, shoes and luggage for sale on a roundabout in front of the Ministry of Education, up at the Arat Kilo area...



Retired city buses were once converted to bakery outlets retailing bread supplied by ‘Sheger Bakery' during their twilight zone. The city administration had used Anbessa City buses as its retail shops before formal outlets replaced them. Sheger Bakery, touted as the largest bakery and flour factory with the potential of baking two million loaves of bread daily, was to cater for millions of people in Addis Abeba with a subsidized bread supply but failed to live up to expectations. The old city...