Fuel Tariffs to Remain Consistent in November

Nov 9 , 2019


The Ministry of Trade & Industry will not revise fuel prices except for jet fuel this month. Jet fuel will see a decrease in its price by almost two Birr to 24.87 Br a litre. The Ministry evaluates the prices of fuel every month for the nation, which consumes over 5.2 billion litres of fuel every year. The government pays a quarter of a billion dollars for fuel every month. The Ethiopian Petroleum Supply Enterprise is the only supplier of fuel in the country, distributing petroleum to 26 oil companies that operated around 800 fuel stations. One hundred twenty of these fuel stations are located in Addis Abeba. The Enterprise supplies benzene, jet fuel, gasoline, kerosene and light and heavy black naphtha.


Radar

Coffee Exports Bring in $1.5B in Third Quarter

Ethiopia has earned 1.5 billion dollars from coffee exports over the nine months of the fiscal year. The country had set a target to earn a little over a billion dollars by exporting 201,959tns of coffee during the same period. According to Adugna Debella (PhD), director general of the Ethiopian Coffee & Tea Authority, the export strategy continues to focus on major international markets, with the top 10 destinations, including Saudi Arabia, Germany, and the United States (SU), accounting...


Radar

Central Bank Holds Fourth Exchange Auction

The National Bank of Ethiopia(NBE) sold one dollar for 131.4961 birr in its recent auction. It was reported that 26 banks participated in this auction, which took place last week on Thursday. In a statement issued by the National Bank  following the auction, it was indicated that 70 million dollars was offered for the event. Subsequently, it was reported that 96 pc of the foreign exchange needs of the participating banks were met. In the previous auction, held 15 days ago, the bank had of...


Radar

City Registers 64,075 Births in Fiscal Year

The city has exceeded its birth registration target for the first nine months of the fiscal year, registering 64,075 children—71.15pc more than the set goal of 58,342. This success, with a registration coverage rate of 109.63pc, is largely attributed to the efficiency of the one-centre birth registration service system, which has been rolled out across health centres and courts. The total number of vital events registered, including births, adoptions, marriages, divorces, and deaths, reache...