A newly drafted proclamation from the Ministry of Trade & Regional Integration (MoTRI) threatens to clamp down on contraband fuel sales and tighten regulation through digital payment mandates. However, many argue that these measures, although necessary for oversight, fail to address the immediate crisis in underserved areas. New distributors would have to meet strict requirements, such as owning at least half a million litres of storage depots. Yet, the guideline, combined with Enterprise's recent freeze, could derail projects poised to alleviate fuel shortages. The fuel market currently provides 1.5 million registered vehicles with an average daily supply of 11.5 million litres of petrol and diesel. Yet, the Petroleum & Energy Authority’s research shows at least 500 districts lack a single station.
You can read the full story here
PUBLISHED ON
Dec 22,2024 [ VOL
25 , NO
1286]
Dec 22 , 2024 . By TIZITA SHEWAFERAW
Charged with transforming colossal state-owned enterprises into modern and competitiv...
Aug 18 , 2024 . By AKSAH ITALO
Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...
Jul 28 , 2024 . By TIZITA SHEWAFERAW
Unhabitual, perhaps too many, Samuel Gebreyohannes, 38, used to occasionally enjoy a couple of beers at breakfast. However, he recently swit...
Jul 13 , 2024 . By AKSAH ITALO
Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and f...
Jan 18 , 2025
Adanech Abebie, the mayor of Addis Abeba, addressed last week a warm-up session for h...
A severe cash shortage squeezes the economy, and the deposit-to-loan ratio has slumpe...
Jan 4 , 2025
Time seldom passes without prompting reflection, and the dawn of 2025 should nudge Et...
Dec 28 , 2024
On a flight between Juba and Addis Abeba, Stefan Dercon, a professor of economic poli...
Loading your updates...