House Price in Addis Ababa, Ethiopia

Ethio Review House Price in Addis Ababa, Ethiopia in 2015. “The more prices increase and remain high, the greater the chance that we will be affected. We might not have a shortage problem as long as we have the supply agreement in place,” Tadesse said, explaining the terms of the agreements his company inked with suppliers. While the supply quantity remains in place, the agreement specifically excludes price setting and leaves it to the market price. “The companies have a mandate to supply, but with the market prices,” he said. Kuwait supplies half the demand for light diesel and jet fuel, while the company Vitol supplies benzene and the other half of light diesel. Another company, BE Energy, supplies heavy diesel to the enterprise, but heavy fuel consumption is small as industries only make use of it. Ephrem Tesfaye, board chairperson of the Ethiopian Petroleum Dealers Association and a fuel dealer for over a decade, claims that the impact of OPEC’s decision might not be as great as feared. He says the countries are teaming up on the decision to mainly keep the current price from going lower by limiting the supply. Gas imports to Ethiopia remain nearly constant year after year, at around 3.8 million metric tons. Daily, about nine million liters of diesel, 2.9 million liters of benzene, and 2.5 million liters of jet fuel are imported.