Ministry of Trade and Regional Relations yesterday and September 18/2015. In his statement on oil products from September 18/2015. He announced that the price revision will be effective from midnight.
The minister, who stated that he could not continue the subsidy given to fuel in the country due to the continuous increase in prices at the international level, pointed out that he is working to "eliminate the subsidy step by step".
The ministry said that the process of lifting the tax was started three months ago, and that it will not affect people of low economic status and is being done with "adequate study preparation".
The fuel subsidy will be reduced every three months and will be completely withdrawn later and will be borne by the consumers.
According to this, the first round of subsidy reduction was implemented from July 2014 to September 2015 and "except for small gaps, it has been carried out satisfactorily" - the ministry said.
In the first round of fuel subsidy reduction, 75 percent of the subsidy on the price of gasoline, white diesel and kerosene was paid by the government and 25 percent was paid by the consumers.
However, the minister pointed out that the subsidy for public transport services has been paid for more than 65 thousand vehicles and more than 310 million birr.
In the last three months, there has been a change in the subsidy that has been given by the government, which has brought about a change in the price of fuel products.
Based on this, one liter of gasoline will be sold at 57 Birr and 05 cents, white diesel at 59 Birr and 90 cents, and kerosene at 59 Birr and 90 cents.
A liter of jet fuel is sold at 76 Birr from 87, light black diesel at 43 Birr from 89 cents, heavy black diesel at 43 Birr from 06 cents, and they continue to sell at the same price.
After all, how much has the new oil price increased compared to the previous one?
The price of oil products in July and September
Until September 18/2015 The government has increased the price of petrol, white diesel and kerosene by 75% due to the fuel price that has been in effect until midnight, and the subsidy for the following months has been changed and the subsidy for petrol has been reduced to 50% and the subsidy for white diesel has been reduced to 66.77%.
The lowest increase from the general adjustment was on gasoline, which was increased by 9 birr from 22 cents.
An increase of 16% to 18% has been seen in the price of fuel products in the last three months.
According to this, one liter of gasoline is sold at 47 Birr from 83 cents, which is 16 percent or 9 Birr from 22 cents, and is sold at 57 Birr from 05 cents.
From July 2014 to September 2015, the selling price of white diesel increased from 49 points 02 per liter to 59 Birr from 90 cents.
This shows an increase of 10 birr and 88 cents or 18 percent from the previous selling price. Until yesterday, one liter of kerosene or white gas was being sold at 49 Birr and 02 cents, and by increasing the price of white diesel by 10 Birr and 88 cents or 18 percent, it has started selling at 59 Birr and 90 cents.
The price of fuel products in July 2014 and September 2015 per liter
- Petrol: From 47 Birr 83 cents to 57 Birr 05 cents [an increase of 16 percent or 9 Birr 22 cents]
- White diesel: from 49 points 02 cents to 59 birr from 90 cents [10 birr from 88 cents or an increase of 18 percent]
- Kerosene: from cents to 59 birr from 90 cents [an increase of 10 birr from 88 cents or an increase of 18 percent]
The Ministry of Commerce and Regional Affairs said that the fuel products will continue to be the same without mentioning the amount of subsidy that was being done on jet fuel, light black diesel and heavy black diesel.