Oil prices are back above 90 dollars per barrel, the BBC reported on Thursday, December 7. It attributed the increase to US pressure on Iran over the latter’s pursuit of nuclear program. This is up from the 60 dollars per bottel a year or two ago. Yet, gas station prices in Ethiopia remain unchanged for over a year, with the state subsidizing fuel prices; speculations of adjustments are, however, strong lately.
 

It is interesting though to see one of the National Oil Company (Ethiopia) stations, located on the road to Bishoftu (Debrezeit), adjacent to MIDROC Construction terminal, advising motorists that a price of a litre of regular benzene priced at 5.50 Br, a price long changed by the government that regulates fuel prices. As you can see in the photo, the other items – gasoil and kerosene – are left empty. could it be that managers of the station forgot to change the price to the current 7.77 Br?