180,000 metric tons of fuel shipments stalled near Strait of Hormuz
Global fuel prices tripled (≈3x increase) following supply disruption
Ethiopia imports nearly 100% of its fuel needs, increasing exposure
Supply disruption affects major portion of monthly fuel imports
Fuel costs directly impact transport tariffs and logistics pricing nationwide
Ethiopia’s fuel imports rely on single Djibouti corridor route
Shock follows recent fuel price adjustments, compounding cost pressures
Why it matters?
A 3x global price spike significantly raises Ethiopia’s import bill, tightens forex demand, and increases transport and logistics costs across all sectors.