Officials at the Ministry of Finance say the country's supply of diesel has been restored to nine million liters a day after slashing the volume by half for two months in the wake of supply disruptions brought on by the US-Israeli war in Iran.
A statement issued by the Ministry announces that fuel trucks have begun making their way from Djibouti to Addis Ababa today, while more are expected to follow to regional towns and cities tomorrow. The statement does not specify the volume of fuel being transported into the country
The announcement will come as a relief to truck and public transport drivers, who have spent much of the last several weeks queued up at pumping stations.
The diesel crisis has already had a noticeable impact on food and commodity prices, particularly on fresh produce, while the government raised diesel retail prices by nearly 17 percent to 163.09 Bir per liter earlier this month.
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Multiple reports indicate the supply disruptions have also spurred activity in the illict fuel trade, with unlicensed dealers in the capital reportedly offering diesel and gasoline at nearly double the price
Meanwhile, talks between the US and Iran have stalled after eight weeks of fighting, casting serious doubt over the resumption of shipping through the Strait of Hormuz.
