The retail fuel price saw an increase as the Ministry of Trade & Regional Integration announced a new tariff last week. The price of kerosene has been adjusted to 67 Br a litre; gasoline is sold for 61.29 Br and diesel for 67.3 Br while the international price has picked up at 58 Br, 71 Br and 67 Br, respectively. The subsidy price of gasoline which had previously been 17.22 Br, will increase to 25.47 Br while diesel will increase from 22.68 Br to 26.26 Br per litre. Officials say the tariff increase will not be applied to transportation. The mandatory cashless transaction that began last week was announced by the Ministry of Transport & Logistics over a month ago. The Minister, Alemu Sime (PhD), said the payment is integrated with a fuel relocation and allocation system in service outlets across the country. The nationwide operation is set to unfold in the coming week.
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