Ministry Raises Jet Fuel Retail Price

Mar 6 , 2021


[ssba-buttons]

The Ministry of Trade & Industry has revised the retail price of jet fuel by 3.53 Br a litre to 38.65 Br effective from March 6, 2021. The price was also revised on January 1, 2021 and has shown an overall increase of 5.89 Br since the beginning of this year. In addition to jet fuel, the Ministry has also revised the retail price of other fuel types including benzene, ethanol mixture with benzene, white diesel, kerosene, and heavy black diesel. The price increases for these products range from 0.01 Br to 0.14 Br. The revision comes on the tail of major price adjustments that were made in the first two months of 2021. In January, the price for a litre of benzene increased from 21.53 Br to 23.67 Br. Then in February, a nine percent increase pushed the price to 25.82 Br a litre. Recently, the government that has been putting 24 billion Br a year into subsidising fuel imports, announced that it will gradually phase out the subsidy scheme to narrow the budget gap.


Radar

Deposit Insurance Fund Grows to 15.1B Br, Signals Readiness for Crisis Response

Two years into its operations, the Ethiopian Deposit Insurance Fund (EDIF) has grown its asset base to 15.1B Br, reinforcing its role as a critical backstop for depositors and financial institutions alike. The Fund, established under a proclamation by the Council of Ministers, was designed to shield depositors in the event of bank or microfinance collapses. Since its inception, EDIF has focused on collecting premiums from member institutions, investing the funds, and building a system robust...


Radar

Rockefellers 100m Dollars Leap into Regenerative Lunches

As part of the UNFSS+4 High-Level Convening, a thematic session titled "Nourishing the Future through Regenerative School Meals" was held on July 26, 2025, at the Sheraton Addis on Taitu St. It brought together prominent figures including Ethiopia's former Prime Minister Hailemariam Desalegn, former First Lady Roman Tesfaye, and Kenya's First Lady Rachel Ruto. Organised by the Rockefeller Foundation, the event focused on overhauling child nutrition through regenerative agriculture. Sarah Farl...


Radar

Hijra Bank Backs Young Innovators with Awards, Loans

Hijra Bank has awarded five young Ethiopian innovators in the final round of its “Sirara” Creative Spark Awards, selected from over 27,000 applicants. The programme targets practical innovations in agriculture, sustainability, and appropriate technology. Top winner Milkias Ahmed (PhD) received a 300,000 Br prize and a 3 million Br interest-free loan for developing an organic soil conditioner from animal bones. Second and third prizes went to Yusuf Ali and Muhammad Juhar for a crop-harvest...