ADDIS ABABA, Sept. 29 (Xinhua) -- The Ethiopian Ministry of Trade and Regional Integration (MoTRI) has announced a decision to hike gasoline prices by nearly 20 percent with immediate effect. In a press statement published Wednesday evening, the ministry said the price hike would see gasoline prices rise from 47.83 birrs (about 92 U.S. cents) to 57.05 birrs per liter. The MoTRI statement also said the price of one liter of diesel is similarly hiked from 49.02 birrs to 59.90 birrs, an increase of around 22 percent. The ministry didn't specify up to which date the latest fuel price hikes will stand. The Ethiopian government's latest petroleum products price hikes came more than two months after the last price increases.

Source: Ethiopian News September 30, 2022 03:58 UTC