ETHIOPIA HITS FUEL WITH 30% TAX STARTING NEXT MONTH
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The Prosperity Party regime of #Ethiopia is increasing fuel taxes to a combined 30% (15% VAT + 15% excise duty) on petroleum products, set to take full effect by December 2025. This move will worsen inflation and drive up prices for fuel, energy, and food in Ethiopia, forcing everyday Ethiopians to pay the price.
The regime is justifying it as a way to cut public debt. But instead of serving its IMF/World Bank lenders, Abiy Ahmed could stop buying unnecessary weapons or wasting money on a $10 billion palace project in the nation's capital.
The regime is justifying it as a way to cut public debt. But instead of serving its IMF/World Bank lenders, Abiy Ahmed could stop buying unnecessary weapons or wasting money on a $10 billion palace project in the nation's capital.
Abyi is an honorary somali, brings a tear to my eye how he is removing the biggest threat in the horn
Nigga Abiy really wants to sink Ethiopia, a single 30% increase on fuel price is a the final nail on the coffin, inflation will crush an economy that’s already on its knees.
This is really a stupid move.
This is really a stupid move.
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