Uncertainty over fuel prices exerts further pressure on soaring cost of living in Ethiopia

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Uncertainty over fuel prices exerts further pressure on soaring cost of living in Ethiopia

STORY: Uncertainty over fuel prices exerts further pressure on soaring cost of living in Ethiopia DATELINE: April 10, 2022 LENGTH: 00:02:04 LOCATION: Addis Ababa CATEGORY: ECONOMY SHOTLIST: 1. various of the views in Ethiopia 2. SOUNDBITE 1 (English): HABTAMU WORKU, Xinhua reporter 3. various of the views in Ethiopia 4. SOUNDBITE 2 (English): HABTAMU WORKU, Xinhua reporter STORYLINE: SOUNDBITE 1 (English): HABTAMU WORKU, Xinhua reporter "Ethiopia is facing the brunt of the anomalous economic condition amid soaring oil prices globally owing to the uncertain global situation. Amid the ongoing volatile oil prices globally, the phenomenon is igniting mounting concern among Ethiopians who are yet to experience a significant impact of the global fuel price hikes on their day-to-day lives, courtesy of a mammoth government subsidy on the imported fuel supply." The Ethiopian Ministry of Trade and Regional Integration said last week that retail fuel prices will remain unchanged until May 8. The subsidy has so far

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