Ethiopian Petroleum Supply Enterprise faces 208 billion ETB losses linked to foreign exchange reforms.
Government officially classifies fuel subsidies as direct budget spending and it will be lifted soon.
Fuel subsidy cap set at 100 billion ETB per fiscal year.
Loss valuation reflects accelerated birr devaluation under market-based FX system.
National Bank of Ethiopia implemented market-based FX reforms from July 2024.
Why it matters?
208 billion ETB losses at the state fuel importer signal fiscal impact from Ethiopia’s FX liberalisation. Budget spending reclassification and subsidy caps affect government expenditure planning.