Ethiopia: Government Hikes Fuel Prices as Ethio Telecom Prepares To Sell Stake

A government spokesperson announced that the Ethiopian government had increased the price of diesel and gasoline by around 8% and 10%, respectively, due to the birr's devaluation but that the government would continue to cover 75%-80% of the price difference caused by the birr's depreciation through subsidies, Addis Standard reported on Oct. 9. ...