By Emmanuel Nduka Obisue
The government of Ethiopia has called on citizens and institutions to reduce unnecessary fuel consumption as global energy prices surge due to escalating tensions in the Middle East.
Speaking at a press conference in Addis Ababa, Ethiopia’s Minister of Finance, Ahmed Shide, described the sharp rise in fuel prices as “alarming” and outlined measures aimed at stabilizing supply and preventing a potential energy crisis in the country.
According to the minister, the government plans to increase fuel subsidies to keep prices relatively affordable for consumers. Authorities also intend to purchase additional petroleum products to avert supply shortages while launching a nationwide crackdown on illegal fuel trading, particularly the sale of fuel outside approved channels or above the government-regulated price.
The surge in fuel prices has been linked to tensions in the Middle East and disruptions affecting the Strait of Hormuz, a critical global shipping route for crude oil.
Shide said enforcement efforts would be strengthened against individuals and companies that violate fuel market regulations, stressing that the government aims to protect consumers and ensure equitable access to fuel.
Ethiopia, which relies entirely on imported petroleum products, remains highly vulnerable to fluctuations in global oil markets. The minister therefore urged responsible fuel use as the government works to maintain stable supply amid continuing uncertainty in international energy markets.
