The Ministry of Trade & Industry revealed a new tariff on fuel for the first time in one and a half years. The international oil market has pushed the price adjustment, according to the statement from the Ministry. The average percentage of the price increase is around 8.15pc and has been made effective November 13, 2018. Following the adjustment, the gasoline price has been adjusted to 19.69 Br per litre. Kerosene will be sold for 17.78 Br a litre, and jet oil posted a 1.36 Br increase from 25.7 Br. The country is in the process of buying fuel for the coming year. Ethiopia imports 3.8 million tonnes of oil annually for a price tag recently above three billion dollars.
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