Through targeted subsidy scheme, public transport vehicles will continue to buy benzene at 41.26 Birr per liter and diesel at 40.86 Birr per liter, 32 percent and 28 percent lower than the normal pumping prices, respectively.
In Addis Ababa, the prices of diesel and benzene has been revised upward to 59.9 Birr/Lit and 57.05 Birr/Lit, which is up by 19 percent and 22 percent, respectively. However, the rate fell to around 70 Birr after the Government unleashed crackdown on the black market.įuel: As part of the process to lift subsidy to fuel price step by step, the Government of Ethiopia (GoE) has made its second-round price revision that came into effect on the mid-night of September 28. Price indices of fats and oil, fruits and milk and dairy products registered substantial increase in September compared to the same time last yearĮxchange rates: According to the official exchange rate that is guided by the National Bank of Ethiopia (NBE), the Ethiopian Birr exchanged at 52.52 to the dollar while the parallel rate offers around 84 to 90 Birr to the dollar in September 2022. While the inflation rate had dropped, the purchasing power of households continues to grow weaker. Food inflation which stood at 43.9 percent in May 2022, the highest in ten years, reduced to 31 percent in September 2022. Inflation: Headline inflation dips for fifth consecutive months and hit its lowest level in a year in September 2022.
0 kommentar(er)
