Jun 18 , 2022
"Fuel subsidies are sapping a vast amount of resources," Prime Minister Abiy Ahmed (PhD) told parliamentarians last week. He confirmed the federal government would go ahead with its plan to lift the subsidies off progressively beginning next month. Officials at the Ministry of Transport & Logistics have identified a quarter of a million public transport vehicles that will continue to benefit from the subsidies for the coming five years. All other vehicle owners will have to pay full price at pumping stations beginning July 2023. The state-owned Ethiopian Petroleum Supply Enterprise imports an average 2.7 million litres of fuel daily. The petroleum products are distributed through close to 40 oil companies and over 1,200 pumping stations.
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