Difference between revisions of "Fuel Prices Ethiopia"
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{{Fuel Price Factsheet | {{Fuel Price Factsheet | ||
|Fuel Price Country=Ethiopia | |Fuel Price Country=Ethiopia | ||
| + | |Fuel Pricing Policies=Ministry of Trade examines fuel prices every month and adjusts them, although not regularly. Government stopped the policy of subsidizing petroleum fuels in 2008 and set domestic prices higher than import costs beginning in Oct 2008 to repay the debt accumulated in the Oil Stabilization Fund. The price of kerosene, which is untaxed and also cross-subsidized to some extent, is lower than other fuel prices. Prices are frozen for months at a time: kerosene prices did not change between Mar and Oct 2011, and between Oct 2011 and Jul 2012; gasoline and diesel prices did not change between Jan and July 2012. The content of ethanol blended in gasoline was increased from 5% to 10% in mid-Mar 2012 to lower gasoline prices. The historical data from monthly consumer price surveys, including petroleum products, are posted on the Web site of the Central Statistical Agency by location. (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.) | ||
|Fuel Currency=ETB | |Fuel Currency=ETB | ||
|Fuel Price Exchange Rate=16.363 | |Fuel Price Exchange Rate=16.363 | ||
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No further information available. | No further information available. | ||
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|Fuel Matrix Pricing Mechanism=2 | |Fuel Matrix Pricing Mechanism=2 | ||
|Fuel Matrix Price Level=2 | |Fuel Matrix Price Level=2 | ||
Revision as of 14:03, 15 February 2013
Part of: GIZ International Fuel Price database
Also see: Ethiopia Energy Situation
Fuel Pricing Policies
| Local Currency: | ETB |
| Exchange Rate: | 16.363
|
| Last Update: |
Ministry of Trade examines fuel prices every month and adjusts them, although not regularly. Government stopped the policy of subsidizing petroleum fuels in 2008 and set domestic prices higher than import costs beginning in Oct 2008 to repay the debt accumulated in the Oil Stabilization Fund. The price of kerosene, which is untaxed and also cross-subsidized to some extent, is lower than other fuel prices. Prices are frozen for months at a time: kerosene prices did not change between Mar and Oct 2011, and between Oct 2011 and Jul 2012; gasoline and diesel prices did not change between Jan and July 2012. The content of ethanol blended in gasoline was increased from 5% to 10% in mid-Mar 2012 to lower gasoline prices. The historical data from monthly consumer price surveys, including petroleum products, are posted on the Web site of the Central Statistical Agency by location. (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
Fuel Prices and Trends
| Gasoline 95 Octane | Diesel | |
|---|---|---|
| in USD* |
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| in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition.
According to http://www.mofed.gov.et/Uploaded/document/proclamations/taxsynpsis.pdf , there is a 30% excise tax on fuels.
No further information available.
At a Glance
| Regulation-Price-Matrix |
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No information available on the website of the Ministry of Industry and Trade.
Sources to the Public
| Type of Information | Web-Link / Source |
|---|---|
| Other Information | http://www.ethiopia.gov.et/English/MOTI/Pages/Home.aspx |
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
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